Central Banks

Baltic Nations Make Joint Push to Secure ECB Vice Presidency

The European Parliament said Martins Kazaks was one of their preferred candidates.

Photographer: Andrey Rudakov/Bloomberg

The euro area’s three Baltic members launched a coordinated effort to ensure one of their candidates becomes the next vice president of the European Central Bank.

The finance ministers of Estonia, Lithuania and Latvia wrote to their peers from the currency bloc that the “time has come for the Baltic states to be represented at the highest level of the Executive Board,” according to a letter seen by Bloomberg and first reportedBloomberg Terminal by Spain’s Expansion.