Erkki Liikanen

Erkki Antero Liikanen (born 19 September 1950) is a Finnish social democratic politician and a former Governor of the Bank of Finland.[1][2]

Erkki Liikanen
Governor of Bank of Finland
In office
12 July 2004 – 12 July 2018
Preceded byMatti Vanhala
Succeeded byOlli Rehn
European Commissioner for Enterprise and Information Society
In office
17 September 1999 – 11 July 2004
PresidentRomano Prodi
Preceded byMartin Bangemann (Industrial Affairs, Information and Telecommunications Technologies)
Succeeded byOlli Rehn
European Commissioner for Budget, Personnel and Administration
In office
25 January 1995 – 17 September 1999
PresidentJacques Santer
Manuel Marín (Acting)
Preceded byPeter Schmidhuber (Budget and Financial Control)
Succeeded byMichaele Schreyer (Budget)
Neil Kinnock (Administrative Reform)
Minister of Finance
In office
30 April 1987 – 28 February 1990
Prime MinisterHarri Holkeri
Preceded byEsko Ollila
Succeeded byMatti Louekoski
Member of Parliament
from Mikkeli
In office
22 January 1972 – 31 August 1990
Personal details
Born
Erkki Antero Liikanen

(1950-09-19) 19 September 1950
Mikkeli, Finland
Political partySocial Democratic Party
Spouse
Hanna-Liisa Issakainen
​
​
(m. 1971)​
EducationUniversity of Helsinki

Early life and education

Erkki Antero Liikanen obtained a bachelor’s degree in Political Science (Economics) from the University of Helsinki in 1975.[3]

Political career

Liikanen was elected to the Finnish Parliament in 1972 when he was only 21 years old. Liikanen was appointed as the Minister of Finance in the Holkeri Cabinet in 1987.[4] He left Parliament in 1990 to become the first Finnish Ambassador to the European Union.[5]

In 1994 he became the first Finnish Member of the European Commission. He was Commissioner for Budget, Personnel and administration, which included responsibilities for translation and information technology.[6]

Liikanen served as Governor of the Bank of Finland from 12 July 2004. As such he also became a Member of the Governing Council of the European Central Bank (2004–2018) and Governor of the International Monetary Fund for Finland (2004–2018).[7]

In February 2012, EU Commissioner Michel Barnier asked Liikanen to chair a group of experts to assess the need for structural reforms to the EU banking sector. Their works is known as the Liikanen report was published on 2 October 2012.

Liikanen was also the chairman of Finnish Red Cross between June 2008 and June 2014.

In early 2019, a Reuters poll of economists found that while Benoît Cœuré was considered best-suited for the role as President of the European Central Bank, the most likely compromise candidate was Liikanen.[8]

Positions held
  • Chairman of the Board of the Bank of Finland, 12 July 2004– (Present position)
  • 1995–2004 Member of the European Commission, Brussels
  • 1990–1994 Ambassador Extraordinary and Plenipotentiary, Head of Finnish Mission to the European Union, Brussels
  • 1987–1990 Minister of Finance
  • 1983–1987 Parliamentary Trustee to the Bank of Finland (Vice-Chairman), Speaker's Council
  • 1981–1987 Secretary-General of the Social Democratic Party
  • 1980–1989 Member and subsequently Chairman of the Supervisory Board of the Outokumpu (steel)
  • 1978, 1982, 1988 Elected as Member of the Electoral College to select the Finnish President
  • 1972–1990 Member of Parliament; member of Cultural Affairs Committee (1972–1975), Agriculture and Forestry Committee (Vice-Chairman) (1977–1979), Foreign Affairs Committee (member 1975–1982; Chairman 1983–1987)

Other activities

International organizations

Non-profit organizations

Personal life

Liikanen is married to Hanna-Liisa Liikanen and they have two daughters.[15][16]

Literary work
  • Brysselin päiväkirjat 1990–1994 (edited by Eila Nevalainen) ISBN 951-1-13832-4[17]

References
  1. "Pääjohtaja Erkki Liikanen". Bank of Finland.
  2. "Liikanen Urges Caution Against Tightening ECB Policy Too Soon". Bloomberg.com. 27 March 2018. Retrieved 27 March 2018.
  3. "Pääjohtaja Erkki Liikanen". Bank of Finland.
  4. "Council of State - Ministers of Finance". Valtioneuvosto.fi. Retrieved 12 January 2018.
  5. "Edustajamatrikkeli". Eduskunta. Archived from the original on 14 May 2011.
  6. "Pääjohtaja Erkki Liikanen". Bank of Finland.
  7. "Board Members in the history of the Bank of Finland". Bank of Finland. Archived from the original on 7 August 2017. Retrieved 14 April 2017.
  8. Anne Kauranen (25 May 2019), ECB hopeful Rehn lays out challenges facing Draghi successor Reuters.
  9. Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) European Central Bank (ECB), press release of 14 December 2018 .
  10. Board of Governors International Monetary Fund (IMF).
  11. Board and scientific council Bruegel.
  12. Steering Committee Bilderberg Group.
  13. Erkki Liikanen Systemic Risk Council (SRC).
  14. Membership Archived 1 February 2019 at the Wayback Machine Trilateral Commission.
  15. Publications, Europa (2003). The International Who's Who 2004. Psychology Press. p. 1005. ISBN 9781857432176.
  16. "Archived copy" (PDF). www.suomenpankki.fi. Archived from the original (PDF) on 15 June 2012. Retrieved 12 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  17. Liikanen, Erkki (1995). Eila Nevalainen (ed.). Brysselin päiväkirjat 1990–1994 (in Finnish). Otava. ISBN 9789511138327.

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