On December 8, the Economic and Financial Affairs Council (ECOFIN) will decide who will succeed German Werner Hoyer as head of the European Investment Bank (EIB), the EU’s financial arm. Send funds to the European next generation. The first vice-president and minister for economy, trade and commerce is a favorite with Danish Margrethe Vestager, former competition chief of the European Commission.
Although he had a good chance of being elected – having won the support of Germany, one of the three states with the most weight in the system – the head of the government, Pedro Sánchez, decided to keep Calvino. On the topic of economic policy between now and the end of the year (If elected, he will take office in January) to send a message of continuity and hope, and give the Spanish presidency of the Council of Europe a little more time to complete the work begun throughout this semester. This means that, finally, if Calvino goes to Luxembourg, the EIB’s headquarters, the economy is currently in a state of waiting until it goes public.
Sources close to the ministry assure that in principle, the Vice President will not. Significant changes in equipment, movements are expected if Galician leaves his current post in Pedro Sánchez’s government. During this pause, the request for the fourth disbursement of European funds worth 10 billion euros has no specific date yet and may be slightly delayed. A spokesperson for the European Commission recently assured this newspaper that “it is up to the Spanish authorities to make the request for the fourth payment”.
If his appointment to the EIB does not occur, the same sources assert that the first vice president I will get a new chance Elections to the European Parliament begin between June 6 and 9, 2024, and will take place at the European level in six months. These would give rise to a new ‘dance’ of economics and politics, and Calvino could apply for a suitable position in social institutions. From then on, it will be decided who will be president of the European Commission (for which Ursula van der Leyen will not announce her re-election until the end of the year), for the positions of President of the European Council or Commissioners.
Nadia Calvino is a great connoisseur of social enterprises, where she has held relevant positions such as Head of the Commission’s Budget (2014-2018), Deputy Director General of Financial Services (2010-2014) or Deputy Director General after the financial crisis. At the Directorate General of Competition (2006-2010). The administration’s ‘number two’ has already been shortlisted for the post of president of the Eurogroup and was also a candidate for managing director of the International Monetary Fund (IMF).
pending issues of his ministry
At the moment, his ministry has important challenges between now and the end of the year, such as trying to move forward with reform of the financial rules, when the Stability and Growth Pact’s escape clause does not come into effect on January 1. . The Berlin government, in favor Set numerical deficit and credit goals For member states, it has intensified ties with France, which favors a little more flexibility, allowing European partners to maintain investment and avoid the mistakes of the last financial crisis. Berlin sees a deal as possible by the end of the year. Another priority is to approve the European regulation on the use of artificial intelligence, a pioneering regulation.
The call for early elections and the dissolution of Cortes led to a stalemate until the extension of the Code of Good Practices to about fifty laws and programs. For households with mortgages The European Central Bank itself has recognized that interest rates will remain higher than expected for a longer period of time – a major initiative – the Financial Consumer Protection Commission Act. First, El Confidential progressed, Calvino wanted to maintain a Meeting with bank in December to the EIB considering its possible departure to resolve the matter.
