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ECB’s vice president position will likely go to Spain, Spain’s economy minister says

The European Significant Bank’s vice-president position, currently held by Vitor Constancio who has until May 1 to available down, will probably go to a Spanish candidate, Economy Minister Luis de Guindos averred in comments published on Tuesday.

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

“I’m convinced that the status will go to Spain,” de Guindos said during a meeting with Accenture Plan and newspaper El Economista.

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

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

De Guindos has been make allowance for in Brussels political circles as one of the main candidates for the job leading euro zone financial affairs ministers.

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