1.8.2019   

EN

Official Journal of the European Union

C 258/2


OPINION OF THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK

of 25 July 2019

on a Council recommendation on the appointment of the President of the European Central Bank

(CON/2019/28)

(2019/C 258/02)

Introduction and legal basis

On 16 July 2019 the European Central Bank (ECB) received a request from the President of the European Council for an opinion on Council Recommendation of 9 July 2019 on the appointment of the President of the European Central Bank (1).

The competence of the ECB’s Governing Council to deliver an opinion is based on Article 283(2) of the Treaty on the Functioning of the European Union.

General observations

1.

The Council’s recommendation, which was submitted to the European Council and on which the European Parliament and the ECB’s Governing Council are being consulted, recommends that Christine LAGARDE be appointed as President of the ECB for a term of office of eight years with effect from 1 November 2019.

2.

The ECB’s Governing Council is of the opinion that the proposed candidate is a person of recognised standing and professional experience in monetary or banking matters as required by Article 283(2) of the Treaty.

3.

The ECB’s Governing Council has no objection to the Council’s recommendation to appoint Christine LAGARDE as President of the ECB.

Done at Frankfurt am Main, 25 July 2019.

The President of the ECB

Mario DRAGHI


(1)  OJ C 235, 12.7.2019, p. 1.