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Spain Picks Euro Enthusiast to Help Push for Tighter Integration

  • Escolano appointed new economy minister, succeeding Guindos
  • Rajoy administration wants Spain to gain influence in Europe
Roman Escolano

Roman Escolano

Photographer: Luca Piergiovanni/Epa/REX via Shutterstock

As Spain’s new economy minister, Roman Escolano’s task will be to preserve an economic recovery now in its fifth year while championing tighter European integration.

Rajoy appointed Escolano to lead the Spanish economy on Wednesday, replacing Luis de Guindos who is preparing to become vice president of the European Central Bank. Escolano takes up his post at the ministry after four years at the European Investment Bank where he helped oversee risk management and the regulatory framework for banks.