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EU opens race to run its huge investment bank EIB

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By Jan Strupczewski, Maria Martinez and Jesús Aguado BRUSSELS (Reuters) - Five candidates have come forward for the post of president of the huge ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWatch onBRUSSELS - Five candidates have come forward for the post of president of the huge European Investment Bank, Belgian Finance Minister Vincent van Peteghem said on Friday, the first of several top European Union jobs which member governments will haggle over in the next 12 months.

The EIB's current head, Germany's Werner Hoyer, has held the position since 2012. He will step down at the end of the year, leaving a vacancy at a bank that has a balance sheet total of 544 billion euros and subscribed capital of 249 billion euros. "We can say we are really spoilt for choice because all the candidates are excellent," German Finance Minister Christian Lindner told reporters on Thursday.

Germany's Deputy Central Bank Governor Claudia Buch and her Spanish counterpart Margarita Delgado are both in the running. If the Spaniard gets the SSM job, it would narrow Calvino's chances for the EIB, because two Spaniards in top finance jobs would be seen as too many.

 

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