Tuesday

21st Aug 2018

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European Central Bank gets Spanish vice-chair

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The European summit on Thursday officially appointed Spain's economy minister, Luis de Guindos, as vice president of the European Central Bank for a non-renewable 8-year term, starting 1 June. Next year, the position of ECB president will also be open, when Italy's Mario Draghi ends his mandate in November 2019. With a Spanish vice president at the ECB, many now expect that the presidential seat will go to a northerner.

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