TheBlindJournalist: Mark Carney appointed as Governor of The Bank Of England

The Bank Of England (BoE) is a 300 year institution. Mark Carney has been appointed to be the Governor of the BoE. Mark Carney will succeed Sir Mervvin King from June 2013.
It was a surprising decision that George Osborne made, as several people expected Paul Tucker to be appointed as he is the Deputy Governor of the BoE.
Mark Carney is a very respectable, qualified and experienced individual for this very important and challenging role.
Possibly one of his most difficult challenges will be to find a way to support a struggling economy and to stop quantitative easing, what is quantitative easing I hear you asking? Well, simply it is the introduction of new money into the money supply by a central bank. This is not an easy task as the economy is struggling and money is difficult to come across without falling into more debt. History shows that no central bank has been able to come out of a crisis without upsetting the economy so for Mr Carney it is going to be a very big test. Mr Carney is going to be the first foreign Governor of the BoE however has said he is going to apply for British citizenship. Mr Carney will be the most powerful Governor of the BoE in the history of the bank. Now you maybe asking why has a non-British citizen been appointed as the Governor of the Bank of England, To me it does not matter what nationality he is because he has very admirable qualities. He has shown that he is perfect for this job because he is a very able central banker proving this in Canada also he is very respected internationally for being a very clever individual but also a very good thinker. Mark Carney is also a very good communicator and this is essential in this type of job because he will have to communicate and inform the British public of what plans he has for the future as any decisions he makes are going to affect us. The Bank of England will vastly chang as it is going to regain its responsibility for regulation of the Financial Services Authority. It is also going to employ thousands more staff.
Mark Carney will be earning £624.000 a year, which is a lot of money but look at the job he is going to be doing. Mr Carney used to be the investment banker for Goldman Sachs.
It is going to be a very interesting few years ahead for Mr Carney and Great Britain.