Spanish economy minister and ECB VP candidate 7 Feb
De Quindos blowing smoke up the backside of the ECB as he pitches for the VP job
- Spanish GDP to grow more in 2018 than ECB f/c of 2.6%
- economic output will expand by around 3%
- Spain has a lot of support for ECB role, seen as a strong candidate to win
- doesn't believe there are asset bubbles forming in Europe due to low rates
- will leave position in Spanish govt if chosen as ECB VP
In fairness Spain has staged a decent recovery by and large, albeit from a low base so De Guindos has as good a stab at ECB No.2 job as anyone.
Meanwhile EURUSD still hanging around 1.2345-50 as EURGBP slides further to 0.8878 but EURJPY rises to post 135.00 before capping.
