Jurgen Stark

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Jurgen Stark
Occupation Executive Board Member
Employer European Central Bank
Location Germany

Jurgen Stark is a member of the European Central Bank executive board. He is responsible for the board's economics and information systems.[1] He has been a consistent critic of the ECB's programm of purchasing government bonds of indebted European nations in the markets. He has said eurobonds would create false incentives for indebted countries.[2] Stark has been a member of the executive board and governing council since June 1, 2006.

On Sept. 9, 2011, Stark resigned his position as a member of the Executive Board and Governing Council, though will stay on in his current position until a successor is appointed. According to the appointment procedure, his place will be filled by the end of 2012.[3]

Background[edit]

Stark started as an official in Germany's economic policy department, where he worked form 1978-1988. In 1982, he became the first secretary at the Permanent Representation of the Federal Republic of Germany to GATT. Following his position at the Economic Policy Department, Stark became head of the “Foreign Trade and Payments, Money and Foreign Currency, Financial Markets" for the Federal Chancellery of Germany. From 1995-1998 he was the state secretary of the Federal Ministry of Finance and personal representative of the Federal Chancellor in preparations for the G7/G8 Economic Summits.

He then transitioned into serving two terms as the vice president of the Deutsche Bundesbank where he oversaw International Relations and Internal Auditing and was deputized for the President on the Governing Council of the European Central Bank.[4] He was also a member of the Financial Stability Forum and member of the Committee on the Global Financial System from 1998-2006.

Education[edit]

Stark received his bachelors degree from the University of Hohenheim and Eberhard Karls University in 1973 and earned his PhD in Economics from there in 1975.

References[edit]