Germany’s Finance Minister Olaf Scholz on Wednesday indicated that he was in favour of a woman succeeding German board member Sabine Lautenschlaeger in the European Central Bank.

“Pure men-only clubs are not a good idea, ” he told private broadcaster n-tv.

The ECB in September announced that Lautenschlaeger, Germany’s nominee, the only woman on the European Main Bank’s executive board and an outspoken policy hawk, would resign with effect from the end of October.

Scholz declined to comment on possible candidates for the job but said that he expected that the particular question associated with Lautenschlaeger’s succession would be addressed “very quickly”.

Vanguard News Nigeria.


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