The Spanish government has presented former governor of the Bank of Spain Pablo Hernández de Cos as a candidate to succeed Christine Lagarde at the ECB. The proposal was made known at the close of the deadline for eurozone countries.
According to La República, the Spanish government has proposed Pablo Hernández de Cos, former governor of the Bank of Spain, as a candidate to succeed Christine Lagarde as president of the European Central Bank (ECB). The announcement was made on Friday, the deadline for eurozone governments to present their candidates.
The proposal is included in a letter sent by the government vice president and minister of economy, Carlos Cuerpo, to the president of the Eurogroup, Kyriakos Pierrakakis. Cuerpo states in the document that Hernández de Cos would bring to the ECB the same firmness and leadership he demonstrated at the helm of the Bank of Spain from 2018 to 2024.
“reputation for his technical rigor, good judgment, and ability to unite teams and achieve consensus,” according to Carlos Cuerpo
During his tenure as governor, Hernández de Cos chaired the Basel Committee on Banking Supervision and the Technical Advisory Committee of the European Systemic Risk Board.
Currently, Hernández de Cos leads the Bank for International Settlements (BIS) and is considered one of the main candidates for the position, alongside former governor of the Dutch central bank Klaas Knot. The finance ministers of the bloc will discuss the process at their regular meeting on Monday.
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