Berlin is set to nominate Isabel Schnabel to the ECB board. The university professor would bring economic expertise and more open views on monetary policy than her Teutonic predecessor. Christine Lagarde would welcome both qualities, says swahapattanaik:
Germany will nominate university professor Isabel Schnabel to the European Central Bank's executive board, a source familiar with the process told Reuters on Oct. 22.
A member of the German Council of Economic Experts, the country's"wise men", Schnabel would replace Sabine Lautenschlaeger, another German, who resigned from the ECB board last month after having unsuccessfully opposed more ECB stimulus. Lautenschlaeger will leave the ECB board on Oct. 31. However, European officials are unlikely to approve her replacement before December.
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