Spain Secures ECB for Guindos After Long Campaign to Regain Seat

Eurogroup picks Spanish economy minister as ECB vice president
Guindos set to replace Portugal’s Constancio in June

Bloomberg’s Maria Tadeo explains how Spain’s de Guindos won the backing to replace ECB’s Constancio.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Maria Tadeo and Carolynn Look

February 19, 2018 at 4:38 PM UTC

Updated on

February 20, 2018 at 5:00 AM UTC

This article is for subscribers only.

After leading Spain’s fight to reclaim its voice at the European Central Bank, it’s finally mission accomplished for Luis de Guindos.

The 58-year old economy minister, who’s held prominent positions in banking and government, won the backing of euro-area finance ministers late Monday to replace ECB Vice President Vitor Constancio. Ireland withdrew the only other candidate, central-bank governor Philip Lane, at the start of the meeting.