Source: Foundation for Economic Education
by Mark Nayler
“Luis de Guindos escaped Spanish politics just in time. In March 2018, he stepped down as Economy Minister, having served under prime minister Mariano Rajoy since 2011; three months later, Rajoy was ousted in a no-confidence vote, his Popular Party engulfed in a huge corruption scandal. De Guindos, now 66, has spent the last eight years as Vice President of the European Central Bank (ECB), the institution responsible for maintaining price stability throughout the bloc. He hands over to Croatia’s Boris Vujĉić at the end of this month, leaving Spain without representation on the ECB’s six-member board for the first time in several years, a situation that Madrid is determined to rectify. Under the Socialist leadership of Pedro Sánchez, Spain has emerged as one of the strongest voices in the EU.” (05/10/26)