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How are the members of the ECB board named anyway?
ECB: Executive Board
The Executive Board consists of the President Vice-President and four other members All members are appointed by the European Council, acting by a qualified majority.
But policy is decided by:
ECB: Governing Council
The Governing Council is the main decision-making body of the ECB. It consists of the six members of the Executive Board, plus the governors of the national central banks of the 17 euro area countries.
And according to the treaties, the governors are appointed by the state CB board that is appointed by parliament.
People -> parliament -> CB board -> governor
People -> parliament and/or president -> finance minister -> ECB executive board
Yes, direct elections would be preferable.
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