Central Banks

Bank of Spain’s Political Storm Rages On With Officials Exiting

Jose Luis Escrivá

Photographer: Paul Hanna/Bloomberg

A political storm that erupted when José Luis Escrivá became Bank of Spain chief last September is still raging a year later after a series of high-profile exits under his watch.

What began as criticism of Prime Minister Pedro Sanchez’s decision to appoint one of his own ministers to the helm has now morphed into an extended furor focused both on management style and how the governor is positioning the central bank in public debate.