With the departure of Yves Mersch, the ECB loses a staunch defender of monetary orthodoxy

Posted on Dec. 2020 at 17:01Updated Dec 15. 2020 at 18:07

It is an exceptionally long journey within the Eurosystem which has just ended for Yves Mersch. At 71, the Luxembourger left the European Central Bank last Monday, of which he had been a member of the management board since 2012. But he has dedicated a large part of his career to the European currency and monetary policy. A commitment greeted on Twitter by Christine Lagarde. “Thank you, Yves, for your dedication to Europe over the past two decades as a member of the Governing Council and the Executive Board of the ECB – the institution owes you a lot. My best wishes for the future! », Wrote the President of the ECB.

This lawyer, a graduate of the Sorbonne, first progressed within the Luxembourg administration, until becoming, in 1989, Director of the Treasury. Personal representative of the Ministry of Finance, he took part in the negotiations of the Maastricht Treaty which gave birth to the ECB in 1998. In the same year, he was appointed Governor of the Luxembourg Central Bank.

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