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ECB Governing Council Nominee Rejected by Slovene Lawmakers

  • Dolenc overwhelmingly loses parliamentary confirmation vote
  • President expected to completely restart selection process
Statues stand beneath a sign outside the Slovenia’s central bank in Ljubljana.
Statues stand beneath a sign outside the Slovenia’s central bank in Ljubljana.Photographer: Akos Stiller/Bloomberg
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A candidate for the European Central Bank’s Governing Council was rejected by Slovenian lawmakers in a vote that extended uncertainty over who will run the Balkan euro member’s monetary authority.

It was the first major test of the minority government of Prime Minister Marjan Sarec, who vowed to sweep out elites from the country’s top institutions before taking power in August. In a secret parliamentary ballot, acting Governor Primoz Dolenc won only 30 votes Tuesday, short of the majority he needed in the 90-seat assembly to lead the National Bank of Slovenia, whose chief also sits on the ECB’s monetary-policy panel.