Spanish finance minister backed for leading ECB job

Spanish finance minister backed for leading ECB job:

BRUSSELS (AP) — Finance ministers from the 19-country eurozone on Monday endorsed Spain’s Luis de Guindos for the coveted post of European Central Bank vice president, after Ireland withdrew the only other candidate.

European Union leaders are expected to anoint de Guindos at a summit on March 22-23, after seeking the opinion of EU lawmakers and the ECB, which oversees the euro currency. Once that is done, de Guindos will replace Vitor Constancio on June 1 and serve a non-renewable eight-year term.

H/t reader squodgy:

“Looking at this lot, I can’t say I feel any confidence or reassurance whatsoever.
As we say, “They couldn’t run a piss up in a brewery”.”

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