The goal at the ECB is to enter the new year with a new president

Euro Group President Kyriakos Pierrakakis made a statement to the press before the Euro Zone finance ministers meeting held in Brussels.

Reminding that Pablo Hernandez de Cos from Spain and Klaas Knot from the Netherlands were nominated for the ECB presidency, Pierrakakis said that the ministers of the two countries will introduce the candidates at the meeting.

Pierrakakis stated that he will meet with EU Council President Antonio Costa during the day to discuss the election process.

Pointing out that ECB President Christine Lagarde announced that she would remain in her post until February 7, Pierrakakis emphasized that the calendar for the election of the new president is quite tight.

Pointing out that they need to act quickly, Pierrakakis said, "Our goal is to complete the entire process by the end of the year."

Explaining that in the past, the election of the ECB president was a process guided by leaders and based on political consensus, Pierrakakis noted that the same approach is expected to be followed this time.

Pierrakakis said that the Euro Group will do its part to facilitate the process, and that the issue will be discussed mainly for informational purposes at today's meeting.

Pointing out that there are three positions to be filled in the ECB in the same period, Pierrakakis stated that an agreement could be reached on a package that includes all of them.