International Support for Former Bank of Spain Governor De Cos
Escrivá stated that Pablo Hernandez de Cos, former governor of the Bank of Spain, enjoys significant support for an international position.
Spanish official Escrivá stated in Madrid that his predecessor, Pablo Hernandez de Cos, who held the position of Bank of Spain governor before him, has significant support among the candidates proposed by heads of government.
Statements from Madrid
Escrivá stated in Madrid that having one of our candidates among those proposed by heads of government is very good news for Spain.
Candidacy Process for BIS Presidency
Acknowledging that Bank for International Settlements (BIS) General Manager Pablo Hernandez de Cos is not the sole candidate for this role, Escrivá emphasized that his predecessor holds substantial support.
High-Level Competition in Frankfurt
ECB Executive Board member Isabel Schnabel's announcement last week that she would step down in early January has accelerated the competition for the top-tier position in Frankfurt.
Behind-the-Scenes Lobbying and Rivals
De Cos's main rival for the ECB leadership stands out as former Dutch Central Bank Governor Klaas Knot, though it is noted that it is still too early to say who holds the advantage.
The prime ministers of both countries lobbied last week on the sidelines of the United Nations General Assembly in New York to support their respective candidates.