The President shall be appointed by common accord of the governments of the Member States at the level of Heads of State or Government, on a recommendation from, as the case may be. the Committee of Governors or the Council of the EMI. and after consulting the European Parliament and the Council.
Déanfaidh Rialtais na mBallstát de thoil a chéile ur leibhéal na gCeannairí Stáit nó Rialtais ar mholudh, de réir mur u bheidh, ón gCoiste Gobharnoirí nó ó Chomhairle IEA agus tar éis dui i gcomhairle le Parlaimint na hEorpu agus leis an gComhuirle, un ll:achtai.m α elicapadli go ceann tréimhse tri bliana.