Calviño refuses to speculate on the date on which she will leave the Government after being elected to the EIB

by time news

2023-12-08 15:32:06

The First Vice President and Minister of Economic Affairs, Nadia Calvino, ruled out speculation about when she will leave the Government, after this Friday her European colleagues elected her as president of the European Investment Bank (EIB). Calviño has considered that it is still “premature” to speculate on the date of her departure from her Government, since they have not contacted the institution to see how the transition would occur.

“It is premature to make any type of speculation because only now that the decision has been made will we begin to contact the Bank and see the details of the procedures and see what options there are in this regard,” she assured when asked about it during the press conference following the meeting of EU Economy and Finance Ministers. Sánchez has already hinted that he will not take over from Calviño in too much haste because, although Calviño’s presidency of the EIB would formally begin as of January 1the transfer may take “a few months” to materialize, according to the president.

After months of uncertainty, the EU economy and finance ministers (Ecofin) chose this Friday, during a working breakfast, Calviño to succeed Werner Hoyer at the head of the EIB as of January 1, 2024. The Spanish competed for the position with the Danish commissioner Margrethe Vestagerformer Italian finance minister Daniele Francothe polish Teresa Czerwinska and the swedish Thomas Estro. The decision, however, must still be confirmed by the board of directors and the board of governors of the institution (the ministers themselves) through a formal procedure which could be closed in a matter of days, according to European sources telling EFE.

Belgian Finance Minister Peter Van Peteghemwhose country has led the selection process by temporarily chairing the EIB board of governors, has indicated that the board of directors meeting is scheduled for next Wednesday and, although he has not specified the duration of the process, he has stressed that it must conclude in time for a new president to be in office. next January 1st.

Change of cards

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Asked about a possible change of cards between her nomination to preside over the EIB with the process underway to choose the city that will host the EIB. future European agency against money laundering and terrorist financing (AMLA), to which Madrid opts, Calviño denied the major. “Each of the election processes They are independent,” she said. The vice president has defended the Government’s commitment “from the first moment” to the candidacy of the spanish capital in an election process that is expected to conclude during the next six months, under the Belgian presidency of the Council of the EU.

In the opinion of the head of Economic Affairs, Madrid “can provide a optimal headquarters for the establishment” of the AMLA and not only because of its characteristics “in terms of competitiveness or relationship with the financial environment.” “But, above all, because the Spanish system to combat money laundering and the financing of terrorism is directly aligned with what will result from the new European legislation and is one of the most respected in the European Union and even worldwide,” he stressed.

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