José Luis Escrivá to be new Bank of Spain Governor, in new change of heart by Pedro Sánchez

escrivaJosé Luis Escrivá, new governor of the Bank of Spain

The Government puts the current Minister of Digital Transformation and Public Function, José Luis Escrivá, at the head of the Bank of Spain (BdE), despite the rejection of the PP, which refuses to propose a candidate for Deputy Governor in order not to endorse a candidacy that it qualifies as an attempt to politicize the institutions.

Today, the Spanish media are picking up on Pedro Sánchez’s previous criticism of the appointment by Socialist Prime Minister José Luis Rodríguez Zapatero of a Socialist Secretary of State (Miguel Ángel Fernández Ordoñez) as Governor of the Bank of Spain. In a new change of opinion, and skipping the traditional negotiation with the first opposition party, Pedro Sánchez now proposes his minister José Luis Escrivá – who went so far as to describe some BdE reports as “unsophisticated” – as Governor of the BdE.

And as expected, the independent press does not spare criticism of this appointment:

-Sánchez “changes his mind” over the Bank of Spain. He has ended up proceeding in the same way he reproached José Luis Rodríguez Zapatero 10 years ago (ABC).

  • Pure and simple occupation of the institutions (La Razón)
  • The Bank of Spain, at the dictate of Sánchez. Sánchez intends to consolidate his power in the Bolshevik/fascist way: “Everything in my Government, nothing outside my Government, nothing against my Government” (Libertad Digital).
  • The Bank of Spain, another public institution colonized by the Government. The appointment of Minister José Luis Escrivá as governor puts the prestige and autonomy of the supervisor at risk (El Mundo)….

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.