That same day, 2 May 1998, the European Council appointed the first President of the European Central Bank following tense and interminable negotiations.
An lá céanna, an 2 Bealtaine 1998, cheap an Chomhairle Eorpach an chéad Uachtarán ar an mBanc Ceannais Eorpach tar éis tréimhse caibidlíochta a raibh teannas ard ag baint leis agus a raibh a chosúlacht amanna air nach mbeadh deireadh go deo leis.