Philip Lane, the current Governor of the Central Bank of Ireland and candidate for the Executive Board of the European Central Bank (ECB), expressed support for the creation of a stabilisation function for the future fiscal capacity of the euro area on Tuesday, 26 February at a hearing before the European Parliament's Committee on Economic and Monetary Affairs (ECON).
The only candidate in the running(see EUROPE 12189), Mr. Lane will succeed Belgian Peter Praet, member of the Executive...