ECB top positions are likely to go to Spain and Italy

by time news

2023-07-28 20:01:54

Should soon lead the banking supervision: Margarita Delgado Photo: Getty

ECB Executive Board, ECB Banking Supervision and European Investment Bank: three key positions in these EU financial institutions will soon be filled. Germany will probably get nothing.

When several top posts become vacant in the EU at approximately the same time, the replacement almost always amounts to a personnel package. This will also happen in September, when decisions about top positions in three EU financial institutions have to be made.

At the end of October, Fabio Panetta, previously a member of the Executive Board of the European Central Bank (ECB), will take over as head of the Italian central bank. At the end of the year, the five-year term of office of the head of banking supervision at the ECB, Italian Andrea Enria, expires as scheduled. Also at the end of the year, the FDP politician Werner Hoyer will retire after twelve years at the head of the European Investment Bank (EIB).

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