The decision of the Governing Council of the European Central Bank (ECB) to appoint the vice president of the Bundesbank, Claudia Buchas the new president banking supervisionturning a deaf ear to his offer European Parliament economic affairs committee Spaniards to appoint deputy governor of the Bank of Spain Margarita Delgado, caused unease in the institution but did not come to the point of taking up arms against Christine Lagarde. The European Parliament Economic Affairs Committee announced Green light for appointment The German decision, with 29 votes in favour, 23 against and 2 abstentions, paves the way for first vice president and economy minister Nadia Calviño to become president of the European Investment Bank.
Many of the statements the German had to make when he appeared before the parliamentary committee on Wednesday referred to the pulse of the European Central Bank and the European Parliament’s decision last July to “unanimously” support Delgado’s candidacy. qualified for the position. “You know that we approved a unanimous opinion on your election. An opinion that has not been fully considered. The European Parliament is mentioned as an important ally, but our opinion was not taken into account,” complained the Flemish MP. Johan van Overtveldt. He alluded to the fact that this appointment was part of a package of future appointments that would question the ECB’s independence.
“This seems sad to me and sets a very bad precedent and we can’t see how our inter-institutional relationships are going to work,” he added. Ernest UrtasunFrom Catalunya en Comú, which the Green group voted against. Even socialist Jonas Fernandez disparaged him because he was still an alternate member of the ECB supervisory board, even though it could represent a conflict of interest. The European Parliament’s plenary session will now have to decide on the recommendation of the economic affairs committee in October. The Twenty-Seven will also need to approve the appointment.
no conflict
“I don’t see any contradiction as the current procedure has not ended yet. “It’s a matter of time,” Buch said. “The ECB is aware of it. I have no information from the legal services that this may be a problem. In any case, I will resign from my post. Emphasizing that he is “comfortable” with his candidacy and that the process is “clean”, the German said, “For me, the ECB’s supervisory mechanism and supervisory board member “It is clear that I will not be selected as the leader,” he said, adding that he trusts their “experience” and “knowledge”.
During the presentation of his credentials, the vice president of the Bundesbank highlighted him using his CV. suitability for position. “I have extensive international experience in micro and macro prudential supervision. “As vice president of the Bundesbank, I am responsible for banking supervision and financial stability, I am a member of the supervisory board of the European Central Bank and vice president responsible for the G7 and G20 on behalf of the Bundesbank,” he said. The European Parliament is seen as an “important ally” and is committed to maintaining “close cooperation”. Its His appointment increases Calviño’s chances of becoming EIB president, a position favored by the Dane. Margrethe Vestager– Because it is difficult for Spain to achieve two such high positions at the same time.