EU Parliament moves against ECB’s board move

According to Sven Gielgold, German member of the European parliament for the Green party, the economic and monetary affairs committee halted the process after cross-party criticism that the ECB had not considered any female candidates for the male-only board. Mr Giegold said: “The EP has today taken concrete steps to address the exclusion of women from the ECB’s executive.

“There has been no female member of the ECB’s executive board since 2011, a situation compounded by the lack of any female presidents of Eurozone central banks, which sit on the governing council. This lack of any female representation in the decision-making bodies of this crucial institution in the Euro crisis is clearly not acceptable.”

He said this turn of events was regrettable and flew in the face of assurances from eurogroup president Jean-Claude Juncker that candidates of each gender would be considered for the replacement of Mr Gonzalez-Palermo.

Mr Giegold said: “There is no shortage of qualified female candidates, so the failure to even consider any, in spite of these assurances, has left MEPs with no alternative.

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