Daily Archives: February 14, 2011

With all the controversy surrounding succession at the head of the European Central Bank, at least European finance ministers could agree on another ECB succession challenge with quite a bit less conflict.

Peter Praet, a regulation expert from Belgium, has been selected to replace Austria’s Gertrude Tempell-Gugerell on the European Central Bank’s governing council, eurozone finance ministers unanimously agreed during their afternoon gathering in Brussels.

The outcome doesn’t come as much of a surprise: the only other nominee, Slovakia’s Elena Kohutikova, had a lacklustre hearing at the European parliament, even as Praet’s star continued to rise.

But his nomination means there will be no women on the 23-member council, comprised of 17 central bankers from the countries that use the euro, and six executive board members, of which Praet will be one. Read more

Catherine Ashton, the European Union’s foreign affairs chief, heads off for a tour of the Middle East and North Africa today – a trip that’s expected to include both Tunisia and Egypt – after coming under quite a bit of criticism for her handling of the upheaval in the region.

But the criticism has not all been in one direction. Ahead of her trip, a senior EU official briefed the Brussels press corps and laid some of the blame for the frequently discordant European reaction to recent events in the laps of national foreign ministers.

“One of the difficulties that we have is making sure that we not only speak with one voice but act with one voice,” the official said. “I mean, how many foreign ministers are in the Middle East now? It’s a bit complicated. The high representative wants to go, but can she go the same day or the day after when three foreign minsters have been? To do what? It’s a real problem.” Read more