Minister defends Gabriel Makhlouf appointment as new Central Bank boss

Finance Minister Paschal Donohoe has defended his appointment of under-fire Gabriel Makhlouf as governor of the Central Bank and said the Government will not be changing its mind on the decision.

Mr Makhlouf has been rebuked for failing to take responsibility for a breach of security around sensitive budget information in New Zealand, where he is currently treasury secretary. He is due to take up the role of head of the Central Bank of Ireland in September.