Comments from De Guindos after nomination to ECB Vice President

  • Says he will resign as Spanish economy minister
  • Having been a government minister does not limit the independence of the ECB
  • Independence of ECB guaranteed by its mandate
  • He was asked whether he's a hawk or dove and said he's pragmatic

He will serve an 8-year term as VP. The thinking is that this clears the way for a German to take over from Draghi. Put your money on Weidmann, who has been positioning himself as more of centrist.