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ECB raises no objection to de Guindos as next VP

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03/07/2018 | 07:20pm CEST
FILE PHOTO - Spain's Economy Minister Luis de Guindos speaks during a plenary session at Spain's Parliament in Madrid

FRANKFURT (Reuters) - The European Central Bank has raised no objection to the appointment of Spain's Luis de Guindos as its next vice president, clearing one of the last hurdles before his appointment.

De Guindos, the only candidate for the job, would replace Portugal's Vitor Constancio, whose term expires on May 31.

"The Governing Council had no objection to the proposed candidate, Mr Luis de Guindos, who is a person of recognized standing and professional experience in monetary or banking matters," the ECB said.

(Reporting by Balazs Koranyi; Editing by Andrew Heavens)

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