Ireland Will Vote—Once—on EU Fiscal Compact
Ireland will hold a public referendum on whether to join the European Union fiscal compact but will not revisit the issue at the polls if voters reject it, said Brendan Howlin, Ireland’s public expenditure minister. Even if the Irish reject the fiscal compact, it will take effect anyway if it...
ECB Gets Two New Members
The European Central Bank gained two new members on Jan. 1, and which of them will accede to the position of chief economist, vacated by Juergen Stark in 2011, remains to be seen.
France Nominates Treasury Official for ECB Board
France has nominated its second-highest Treasury official, Benoit Coeure, to a seat on the European Central Bank’s six-member executive board. If Coeure is appointed, he would once again give France a voice in the ECB’s policies and decisions.
Draghi to Replace Trichet as ECB Chief
Draghi of Italy will assume his new post in October when he takes over from outgoing President Jean-Claude Trichet.
ECB Official to Irish Taxpayers: Pay Up and Stop Whining
In an opinion piece published on Tuesday in The Financial Times, Lorenzo Bini Smaghi, a member of the board at the European Central Bank, wrote that Irish taxpayers should not complain about having to foot the bill to bail out their banks.