ECB’s new VP will ‘probably’ be Spanish

0
ECB’s new VP will ‘probably’ be Spanish

THE EUROPEAN CENTRAL BANK (ECB)’s vice-president position, currently held by Vitor Constancio who has until May next year to stand down, will probably go to a Spanish candidate, Economy Minister Luis de Guindos said in comments published in the Spanish press on Tuesday.

Spain has not held a position on the ECB’s executive board since 2012 after the exit of Jose Manuel Gonzalez Paramo.

“I’m convinced that the position will go to Spain,” de Guindos said.

The ECB’s executive board is charged with implementing monetary policy for the 19 member states that use the euro and consists of the president, vice president and four board members. All executive board members are appointed for an eight-year term that cannot be renewed.

De Guindos also dismissed rumours that he was a candidate for the position of Eurogroup head, currently held by Jeroen Dijsselbloem.

De Guindos has been considered in Brussels political circles as one of the main candidates to head up Eurogroup – an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro.

LEAVE A COMMENT

Please enter your comment!
Please enter your name here

We welcome comments from readers on our website and across our social networks. We invite you to discuss issues and share your views and we encourage robust debate and criticism provided it is civil.

However we reserve the right to reject or edit comments that:

• Contain offensive language
• Include personal attacks of any kind
• Are likely to offend or target any ethnic, racial, nationality or religious group
• Are homophobic, transphobic, sexist, offensive or obscene
• Contain spam or include links to other sites
• Are clearly off topic
• Impersonate an individual or organisation, are fraudulent, defamatory of any person, threatening or invasive of another’s privacy or otherwise illegal
• Are trolling or threatening
• Promote, advertise or solicit the sale of any goods or services

You grant us a non-exclusive, royalty-free, perpetual, worldwide licence to republish any material you submit to us, without limitation, in any format.