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Mr Duisenberg agreed at the informal Finance Council session on April 4 and 5 (see European Report 2766 for further details) to remain in office until Member States have appointed his successor.
As self-proclaimed Mr Euro, Wim Duisenberg has won a prominent place in history regardless of his gaffes and a patchy record with financial markets.
They also want its head, Wim Duisenberg, hauled into court to face counterfeiting charges on the matter.
It undoubtedly helps, of course, that Wellink has had a long and close working relationship with ECB president Wim Duisenberg, who was Wellink's immediate predecessor at the Dutch central bank.
"But in early morning trading, the euro rebounded slightly against both the dollar and the yen on news that ECB chief Wim Duisenberg expressed some concerns about the euro's recent weakness," said Nomura Trust's Toyahara.
Following a working lunch on April 5, EcoFin Council Chairman Nikos Christodoulakis explained "we agreed unanimously to recommend to Heads of State and Government to ask Mr Duisenberg to remain at the head of the ECB until the appointment of a new President".
European Central Bank chief Wim Duisenberg yesterday ended months of speculation by saying he would step down in July next year, three years before his term ends and leaving French candidate Jean-Claude Trichet as heir apparent.
Surely Wim Duisenberg, the head of the ECB, would like to be able to make a similar statement.
ECB President Wim Duisenberg told a news conference the value of the euro is being supported by stable prices in the euro-zone economies and that its value against other major currencies will go up in the midterm.
Wim Duisenberg was appointed in June 1998 for an eight-year term as President of the ECB.
European interest rates could remain on hold for some time, Wim Duisenberg, president of the European Central Bank, indicated yesterday after the bank decided, as widely expected, to leave its official rate unchanged this month at 3.25 per cent.
EU Economic Affairs and Financial Ministers are notably due at this meeting to discuss keeping Wim Duisenberg on for a few more months at the head of the European Central Bank (see separate article in this Section).
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