Euro zone finance ministers will choose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Constancio in May.
- Business Insider (Image)
- Spanish Minister of Economy and Competitiveness, Luis de Guindos, is appointed new Vice-President of the European Central Bank by the Eurogroup.
- Spanish Minister of Economy and Competitiveness, Luis de Guindos, is set to be nominated by the Eurogroup to succeed Vtor Constncio as Vice-President of the European Central Bank.
- The new Greek government, represented by finance minister Yanis Varoufakis, meets with Jeroen Dijsselbloem, the head of the Eurogroup, and declares that Greece now rejects any further cooperation with its main international lenders known as the troika (the Eurogroup, the IMF, and the ECB); instead, it wants to negotiate directly with other European countries.
- A Reuters poll of economic forecasters finds that they are more worried about deflation across the Eurozone than is the ECB.
- Italian Mario Draghi is appointed as the next President of the European Central Bank, replacing Jean-Claude Trichet on November 1.
- Eurozone interest rates are raised to 1.25 per cent from the record low of 1 per cent by the European Central Bank (ECB) amid concerns this could cause problems for countries such as Portugal and the Republic of Ireland.
- President of France Nicolas Sarkozy endorses Mario Draghi to become next President of the European Central Bank, to succeed Jean-Claude Trichet.