Ponta: We will reappoint Isarescu as BNR governor

Victor Ponta announced on Monday that his government will endorse central bank Governor Mugur Isarescu for a new mandate in June, a few months before his term expires, according to Agerpres.

“We will appoint the central bank’s new board during the month of June, because their mandates expire in September, I think, but we can appoint them from June,” Ponta told reporters, adding his party will back Isarescu for a new term, as he was “categorically” viable for the position.

The European Union state’s central bank is run by an administration board of nine members, appointed by parliament for 5-year terms that can be renewed.

Ponta was also asked if the current second-in-command of the Central Bank, vice-governor Bogdan Olteanu, was adequate for the job he held, but Ponta replied that is not his responsibility. Asked if Olteanu has another shot at a mandate, the PM replied:

“That’s something you need to ask the people at PNL, mister Olteanu is a PNL proposal. I believe he was a good vicepresident, but it is not my call so to speak”.

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Mugur Isarescu has been ranked several times as one of the must trust-worthy political personalities in Romania, the latest being a survey from the beggining of last month where 26 percent of respondents answered that they have the most trust in the Central Bank governor.