Olli Rehn’s chances for an ECB appointment weakened in an interview with the parliament

European the central bank’s ECB deputy governor candidates were interviewed by the EU parliament’s economic committee, which was not enthusiastic about the Finnish government’s candidate, the current governor of the Bank of Finland Olli from Rehn.

Based on Wednesday’s remote interviews, the committee recommends either the current CEO of the Central Bank of Latvia for the position Martin Kazaksia or the former Governor of the Central Bank of Portugal Mario Centenoa.

The Parliament’s position is a recommendation to the finance ministers of the Eurogroup meeting next Monday, who will make a proposal to the European Council, i.e. the summit meeting of the leaders of the EU countries.

So Rehn’s game has not yet been fully played, because the Parliament’s position does not bind the Council of Ministers.

Rehn’s his chances are still weakened by the fact that, according to what was told to HS, he did not receive support from the largest group in the parliament, the EPP, i.e. the European People’s Party and other right-wing parties.

Instead, the EPP members supported the Latvian candidate Kazāks, who told himself In an interview with Politico news media, he modestly said that he was the best person for the job.

Kazāks is characterized as a technocrat and a supporter of neoliberal economic policy.

Rehn is estimated to have been in “shared third place” together with the Croatian candidate after the parliamentary interview Boris Vujčićin with.

EKP: n the executive board has six members: in addition to the CEO and deputy CEO, the executive board includes four other members.

For HS, it is estimated that the appointment of the deputy governor of the ECB is basically linked to a bigger picture, i.e. the fact that in the near future the position of the governor will also open up.

Current CEO Christine Lagarde will step down as CEO in 2027, and there is already speculation that the successor would come from either Spain or Germany. Among others, the current head of the German central bank has been featured as one name Joachim Nagel.

The big euro countries can point out that the deputy CEO cannot be chosen from Portugal if the position of CEO is aimed at a Spanish candidate – and correspondingly, for example, it would be good for the German CEO to be counterbalanced by someone other than a Northern European deputy CEO.