Central Bank chief misses out on ECB role

Central Bank chief misses out on ECB role
Finance Minister Paschal Donohoe (L) with Belgian minister Johan Van Overtveldt at a Eurogroup meeting in Brussels. Pic: Getty

Finance Minister Paschal Donohoe withdrew Philip Lane’s candidacy, saying it was important for finance ministers to decide on who should get the job by consensus

Spain’s Luis de Guindos is now almost certain to become the new vice-president of the European Central Bank after Finance Minister Paschal Donohoe withdrew Central Bank Governor Philip Lane’s candidacy.

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