Spain nominates former central bank head De Cos for ECB presidency, deputy PM says
TLT•Spain nominated former Bank of Spain governor Pablo Hernández de Cos to succeed Christine Lagarde as European Central Bank president. Euro zone finance ministers will review the process at their regular meeting on Monday.
1. Spain puts forward candidate
Spain nominated Pablo Hernández de Cos, currently general manager of the Bank for International Settlements, to succeed Christine Lagarde as European Central Bank president. Deputy Prime Minister and Economy Minister Carlos Cuerpo said in a letter to Eurogroup President Kyriakos Pierrakakis that De Cos would bring steady leadership and extensive central banking experience to the role.
2. Ministers to review process
Euro zone governments had until Friday to put forward candidates, and finance ministers will take stock of the process at their regular meeting on Monday. De Cos served as Bank of Spain governor from 2018 to 2024 and also chaired the Basel Committee on Banking Supervision.
