1. Spain Blocks Nomination Of Mersch For ECB Executive Board

    Spain Blocks Nomination Of Mersch For ECB Executive Board

    BRUSSELS--Spain has blocked the pick of Luxembourg Central Bank President Yves Mersch for the European Central Bank's executive board, the latest in a series of delays to the nomination which was first made in July, according to people familiar with the decision.

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    1. The European Council was not today in a position to take a decision by written procedure on the appointment of a new member of the ECB Executive Board. The issue will be on the agenda of an upcoming meeting in the European Council with the objective of taking the formal decision.
    2. This has nothing to do with gender balance.
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