Council Recommendation

of 15 July 2003

on the appointment of the President of the European Central Bank

(2003/518/EC)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 112(2)(b) and Article 122(4) thereof, and to Articles 11.2 and 43.3 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank,

HEREBY RECOMMENDS:

that Mr Jean-Claude Trichet be appointed President of the European Central Bank for a term of office of eight years with effect from 1 November 2003.

This recommendation shall be submitted for decision to the Heads of State or Government of the Member States which have adopted the euro, after consulting the European Parliament and the Governing Council of the European Central Bank.

This recommendation shall be published in the Official Journal of the European Union.

Done at Brussels, 15 July 2003.

For the Council

The President

G. Tremonti