Spain nominates former central bank head for ECB top job

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The Spanish government said it has ⁠put forward former central bank chief Pablo Hernandez de Cos as a candidate to succeed Christine Lagarde as president of the European Central Bank, according to a ‌letter seen by ⁠Reuters.

“I am confident that Pablo would bring to the ECB the same steady hand and inspiring leadership he demonstrated at ‌the Bank of Spain, where his commitment to ⁠greater transparency and closer engagement ‌with the public marked a turning point ⁠for ‌the institution”, Spanish Deputy Prime Minister Carlos Cuerpo said in a letter sent to ⁠Eurogroup president Kyriakos Pierrakakis.

De Cos is ⁠widely seen as one of the leading candidates for the job, together with former Dutch central bank chief Klaas Knot.

Earlier this week, the Dutch ⁠government put forward its former central bank chief Knot ‌as ⁠a candidate to succeed Ms Lagarde.

Countries that use the euro have ⁠been asked to name their candidates to become the next president of the European Central Bank by today.

Finance ministers from the euro countries will consider the nominations at a ‌meeting on November 9.

ECB President ⁠Christine Lagarde said ‌last week she would step down ⁠in ‌February, eight months before her term was due to expire.

Her ⁠successor will be appointed ⁠by EU countries, based on a recommendation by the countries that use the euro.

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