ECB’s Last Policy Maker Left From Class of 1998 Exits Stage

For the European Central Bank, Monday will mark the final passing of the baton from the institution’s founding generation to its present leadership as Yves Mersch leaves the Executive Board.

The 71-year-old Luxembourger is the only policy maker left of the original class of 17 Governing Council members who took charge of a fledgling currency project in 1998 and soon began setting interest rates throughout the euro zone.