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MNI POLICY: Lautenschlaeger Resigns From ECB Executive Board

By Luke Heighton
     LONDON (MNI) - Germany's Sabine Lautenschlaeger will resign from her
position on the European Central Bank's Executive Board and Governing Council on
Oct. 31, prior to the end of her term of office, the ECB said on Wednesday.
     Lautenschlaeger, who told MNI in an interview in late August that the
eurozone economy had no need of more quantitative easing, is also vice chair of
the Supervisory Board of the ECB's banking supervisor, the Single Supervisory
Mechanism.
     Her decision comes after Dutch central bank President Klaas Knot took the
rare step of issuing a public statement criticizing the ECB's Sept. 12 easing
package, which included a return to net asset purchases and a rate cut.
     An ECB spokesman said he could not comment further on Lautenschlaeger's
decision.
--MNI Frankfurt Bureau; +49-69-720-146; email: luke.heighton@marketnews.com
[TOPICS: M$X$$$,MC$$$$,MI$$$$,MT$$$$,M$$EC$]

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