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Article: European Central Bank chief to leave.
- Article from:
- United Press International
- Article date:
- February 7, 2002
CopyrightCOPYRIGHT 2002 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRUSSELS, Belgium, Feb 07, 2002
In a surprise statement Thursday, Wim Duisenberg, president of the European Central Bank, said he would resign his post in July 2003.
The European Commission, the European Union executive group that oversees the bank, expressed satisfaction with the decision. Duisenberg, 63, "is a man who respects his personal commitments," the commission said in a statement.
The former Dutch central bank manager in 1998 agreed he would resign his eight-year term after four years as part of a political compromise with France. But in recent months, Duisenberg has said he made no absolute commitment to step down.
When ...