Appointments to the European Central Bank’s Executive Board are no less than a strategic and political decision over the future of the Eurozone. But experience has shown this process is not transparent, open, and democratic enough to protect the ECB from its legitimacy gap. On Monday 21 January the Eurogroup started the process for appointing the successor of Peter Praet as chief economist of the European Central Bank. Mr Praet, whose mandate comes to an end on 31 May 2019, leaves the ECB after 8 years serving the central bank through the turbulent times of the euro crisis.

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