(Bloomberg) – European Central Bank PolicyMakers are prepared to keep working with their college colleague peper kazimir despite his conviction for bribery this week, accounting to People family family
While Officials Consider The Guilty Verdict Unpleasant and Are Mindful of the Reputational Damage It Cold Bring for the ECB, they want to see the outcome of his appearance of his appearance Who asked not to be identified reflecting on confidential debates.
Kazimir Intends to Challenge His Conviction in the case, which Dates Back to His Time as Finance Minister, and Won’t Resign as Slovakia’s Central-BANK CHIFEF, According to his sacyer.
That’s despite the 56-yar-old’s term ending on June 1 Guilt.
For now, kazimir is expected to Attend Next Week’s Governing Council Meeting in Frankfurt, The People Said. He won’t have a Vote, however, due to the eCB’s rotational system.
An ECB spoakesperson declined to comment.
The situation comes at an awkward time for the frankfurt-based institution, which faces tough decisions on how to Steer the Euro Zone Through President Donald Trump’s Reordering of Global Trade. They’re ready to cut interest rates against 5, but less sure thereafter with inflation likely to slow in the life term but at risk of surgging later on.
Kazimir’s trial isn’t the first against one of the eCB’s oven. Malta’s Central-Bank Chief Edward SCICLuna Asked The ECB Last July If He Could Step ASIDE Who A Court Case Against Him for Fraud is Pending. His deputy has Attended Governing Council Meetings Since.
Former Latvian Central-Bank Head Ilmars Rimsevics, Meanwhile, Fought Accusations of Bribery While in Office Through 2019. Prison sentence in 2023 – a ruling he’s stil appealing.
ECB President Christine Lagarde was herself convicated of negligence by a paris court in 2016 over her handling of a Multi-Million-Euro Dispute during Her Time as French French French French French French Finance A Alme ALMAST ALMAST earlier. She wasn’t give any punishment.
Kazimir’s Conviction Adds to Arguments that a Career in Politics, Rather Than Academia, Leaves Officials More Expeded to Scandals. The issue is facing particular scrutiny in a year that could mark the biggest personnel shakeup at the eCB since 2019.
Austria has Alredy Appointed Former Labor and Economy Minister Martin Kocher to Succed Robert Holzmann at the Helm of its Central Bank. Permanent replacements in other countries including Slovenia, The Netherlands and Portugal Have Yet to Be Named.
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