Photo: European Union
The European Council appointed today Luis de Guindos as Vice-President of the European Central Bank for a non-renewable 8-year term.
The new Vice President will replace Vítor Constâncio as of 1 June 2018.
The decision was taken after having consulted both the European Parliament and the European Central Bank's Governing Council.
The Economic and Financial Affairs Council on 20 February issued a recommendation to the European Council, confirming the nomination of Luis de Guindos as vice-president of the European Central Bank after the Eurogroup gave its support to the candidacy a day before.
Read the full press release on the website of the Council of the European Union.