ECB: Vice president successor to be decided on Monday - ING

Eurozone finance ministers are set to agree on a successor to ECB vice-president Vítor Constâncio and it's the first piece of a big puzzle in the near-total overhaul of the bank's board, according to Carsten Brzeski, Chief Economist at ING.

Key Quotes

“On Monday, Eurozone finance ministers are expected to agree on a candidate to replace Vítor Constâncio as ECB vice-President. 

• There are two applications on the table: one from Spanish finance minister Luis De Guindos and one from Irish central bank governor Philip Lane.
• The appointment will be an important piece in the bigger puzzle of what will be an overhaul of almost the entire ECB Board in the next 18 months, with the grand prize being the ECB presidency.”