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Eu ceo accounting scandal

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http://www.voanews.com/article.cfm?objectID=C15E8FB6-52FE-4796-9F701C39C06ABBDD

European Central Bank Chief to Remain in Post
VOA News
05 Apr 2003, 19:53 UTC

The head of the European Union Central Bank has agreed to continue in the post until a new bank leader is prepared.

Wim Duisenberg said Saturday he would stay past his scheduled retirement date in July, to ensure a smooth transition at the bank.

Finance Ministers of EU nations agreed during a meeting in Athens earlier Saturday to ask Mr. Duisenberg to remain in the post.

The request comes after the top candidate for the bank presidency, Jean-Claude Trichet, went on trial in an accounting scandal in France. Mr. Trichet has been accused of failing to spot incorrect accounting reports at the state-run bank Credit Lyonnais in the 1990's.

A verdict in Mr. Trichet's trial is expected in June.





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