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

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

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

“I’m convinced in which the position will go to Spain,” de Guindos said during a meeting with Accenture Strategy as well as newspaper El Economista.

The ECB’s executive board is actually charged with implementing monetary policy for the 19 member states in which use the euro as well as consists of the president, vice president as well as four board members. All executive board members are appointed for an eight-year term in which cannot be renewed.

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

De Guindos has been considered in Brussels political circles among the main candidates for the job leading euro zone finance ministers.

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