FRANKFURT (MNI) – The Spanish government has formally opposed the
nomination of Luxembourg’s Yves Mersch to the Executive Board of the
European Central Bank, MNI has learned.
The European Council, whose members are the heads of state and
government of EU countries, had given Eurozone governments until Monday
to lodge written objections to Mersch’s nomination. Spain has now filed
such an objection.
Madrid’s opposition does not mean that Mersch has no chance of
joining the ECB eventually, but at the very least his appointment will
be delayed. EU leaders will have to discuss the issue, possibly at their
next summit on November 22-23, which would be the earliest possible date
to do so.
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– Frankfurt bureau: +49 69 720 142, email: jtreeck@mni-news.com
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