Eurozone finance ministers are set to agree on a successor to ECB vice-president Vítor Constâncio and it's the first piece of a big puzzle in the near-total overhaul of the bank's board, according to Carsten Brzeski, Chief Economist at ING.
“On Monday, Eurozone finance ministers are expected to agree on a candidate to replace Vítor Constâncio as ECB vice-President.
- There are two applications on the table: one from Spanish finance minister Luis De Guindos and one from Irish central bank governor Philip Lane.
- The appointment will be an important piece in the bigger puzzle of what will be an overhaul of almost the entire ECB Board in the next 18 months, with the grand prize being the ECB presidency.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.