The Spanish government has this week officially announced the candidacy of Economy Minister Luis de Guindos for the Vice-Presidency of the ECB, substituting the Portuguese Vitor Constancio. De Guindos already tried to move to Brussels as a substitute for Dijsselbloem at the head of the Eurogroup. But the bet didn’t turn out well.
ECB’s Vitor Constancio
MADRID | By Julia Pastor | The European banking sector needed to regain markets’ confidence after the crisis and before November stress tests. On Monday, ECB’s vice-president Vitor Constancio assessed their moves as very positive, pointing to a compendium of sale of assets as well as capital and debt issues that reached €104 bn last year.