European Parliament approves Lautenschlaeger for ECB

Thursday 16 January 2014 12.53
European Parliament voted 443 to 47 in favour of appointment of Sabine Lautenschlaeger to ECB
European Parliament voted 443 to 47 in favour of appointment of Sabine Lautenschlaeger to ECB

The European Parliament today approved Germany's Sabine Lautenschlaeger as a new member of the European Central Bank's Executive Board for a full eight-year term.
              
European Parliament members voted 443 to 47 in favour of Lautenschlaeger, 49, after a campaign in 2012 to appoint a woman to the all-male ECB board.
              
Lautenschlaeger will replace another German, Joerg Asmussen, who left the ECB two years into his eight-year term to rejoin the German government as state secretary in the labour ministry.
              
Lautenschlaeger, a Bundesbank vice president, struck a hawkish tone earlier this week warning about risks of low interest rates.