Ireland Is Finally Set to Get ECB Executive Board Seat

(Bloomberg) -- Ireland is on track to win a seat on the European Central Bank’s Executive Board, becoming the last of the common currency’s founding members to obtain a position on the six-member body that runs the institution’s daily business. European Union finance ministers are set to vote on Philip Lane’s bid for the role on Tuesday. The 49-year-old head of the Irish central bank is unopposed and likely to succeed Peter Praet as chief economist in June.

©2019 Bloomberg L.P.