European Central Bank ECB: appointment of Mr Trichet as President from 1st November 2003

PURPOSE : to propose a draft Council Recommendation on the appointment of the President of the European Central Bank. CONTENT : the Council recommends that Mr Jean-Claude Trichet be appointed President of the European Central Bank for a term of office of eight years with effect from 1 November 2003. This recommendation shall be submitted for decision to the Heads of State or Government of the Member States which have adopted the euro, after consulting the European Parliament and the Governing Council of the European Central Bank.�