Executive Board of the European Central Bank

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The Executive Board of the European Central Bank is the organ responsible for monetary policy of the Eurozone.

Members of the Executive Board of the European Central Bank are nominated by agreement between the Heads of Government of the Eurozone countries for a non-renewable eight-year term (members nominated in 1998 for the original board had their terms staged so that one would be replaced each year).

Members generally take office in June.

[edit] Members of the Board

Presidents of the Board in bold.

Vice-Presidents of the Board in italics.

Year
1998	Wim Duisenberg (NL)	Christian Noyer (FR)	Sirkka Hämäläinen (FI)	Eugenio Domingo Solans (ES)	Tommaso Padoa-Schioppa (IT)	Otmar Issing (DE)
1999
2000
2001
2002		Lucas Papademos (GR)
2003	Jean-Claude Trichet (FR)		Gertrude Tumpel-Gugerell (AT)
2004				José Manuel González Paramo (ES)
2005					Lorenzo Bini Smaghi (IT)
2006						Jürgen Stark (DE)
2007
2008
2009
2010
2011
2012
2013
2014

Note: The two-letter country codes show the citizenship of each board member. Under the ECB's rules board members do not represent a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area.