Ireland withdraws Lane’s nomination for ECB vice president

philip-lane-central-bank-of-ireland-15-web
Philip Lane
Central Bank of Ireland

Ireland’s government today (February 19) withdrew its nomination of Irish central bank governor Philip Lane for the vice-presidency of the European Central Bank.

The decision leaves the way open for the only other nominee, Spain’s Luis de Guindos, to become the ECB’s next vice-president. Vítor Constâncio, the current ECB vice-president, is due to step down in May. Observers believe that Lane is likely to be a strong candidate for the role of the ECB’s chief economist when Peter Praet steps down

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