Economics
Guindos's Bid for ECB Job Stirs Doubts Among Some EU Lawmakers
- Direct move from Eurogroup ‘wouldn’t be acceptable,’ MEP says
- European Parliament can postpone, not block ECB appointments
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Spanish Economy Minister Luis de Guindos, the longtime frontrunner to become the next vice president of the European Central Bank, is facing some resistance to his candidacy in the European Parliament.
Members of the Economic and Monetary Affairs Committee who come from three of the legislature’s eight political groupings say they have reservations about the 58-year-old Spaniard, arguing that he’s more of a politician than a central banker and lacks the credentials to help pilot Europe’s most powerful economic institution. The panel can delay appointments, though not block them.