The Heads of State or Government of the Member States, having considered the EU Council’s recommendation of 3 May 1998 concerning the appointment of members of the European Central Bank (ECB), agree by common accord to appoint Wim Duisenberg as President of the ECB. This extract is from the press conference held by Tony Blair, British Prime Minister and President of the Council, meeting in the composition of the Heads of State or Government, on the appointment of Wim Duisenberg and his successor.