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EN
Official Journal of the European Union
1.7.2011
DECISIONS
EUROPEAN COUNCIL DECISION
of 24 June 2011
appointing the President of the European Central Bank
(2011/386/EU)
THE EUROPEAN COUNCIL,
(2) The
European
Council
wishes
to
appoint
Mr
Mario
DRAGHI who, in its view, meets all the requirements
Having regard to the Treaty on the Functioning of the European
set out in Article 283(2) of the Treaty,
Union, and in particular Article 283(2) thereof,
HAS ADOPTED THIS DECISION:
Having regard to the Protocol on the Statute of the European
Article 1
System of Central Banks and of the European Central Bank, and
Mr Mario DRAGHI is hereby appointed President of the
in particular Article 11.2 thereof,
European Central Bank for a term of office of 8 years as
from 1 November 2011.
Having regard to the recommendation of the Council of the
European Union (
Article 2

1 ),
This Decision shall be published in the Official Journal of the
Having regard to the opinion of the European Parliament ( 2 ),
European Union.
Article 3
Having regard to the opinion of the Governing Council of the
European Central Bank ( 3 ),
This Decision shall enter into force on the date of its adoption.
Whereas:
Done at Brussels, 24 June 2011.
(1)
The term of office of the President of the European
Central Bank, Mr Jean-Claude TRICHET, appointed by
For the European Council
Decision of 16 October 2003
( 4 ), expires on
31 October 2011 and it is therefore necessary to
The President
appoint a new President of the European Central Bank.
H. VAN ROMPUY
( 1 ) OJ L 150, 9.6.2011, p. 8.
( 2 ) Opinion delivered on 23 June 2011 (not yet published in the
Official Journal).
( 3 ) OJ C 182, 23.6.2011, p. 6.
( 4 ) Decision taken by common accord, at the level of Heads of State or
Government, by the Governments of the Member States having the
euro as their currency of 16 October 2003 appointing the President
of the European Central Bank (OJ L 277, 28.10.2003, p. 16).

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