HomeWorldVestager leaves European Commission to focus on EIB offer

Vestager leaves European Commission to focus on EIB offer

The executive vice president of the European Commission in charge of Competition, Margrethe Vestager, announced on Tuesday that she will take a leave of absence without pay to focus her efforts on her candidacy for the European Investment Bank (EIB).

“As of today I am officially a candidate for the presidency of the EIB, so I will be taking unpaid leave from the European Commission to concentrate on the candidacy. This means that I will not comment on the work of the Commission in the coming weeks.” , said the executive vice president responsible for the portfolio A Europe prepared for the digital age through a publication on the social network Twitter.

The announcement of this leave without pay, to focus on his candidacy for public office, comes a day after Vestager’s parliamentary group in the European Parliament expressed its support for this competitor.

In addition to Vestager, Nadia Calviño, Vice President and Minister of Economic Affairs, is running for the position.

It is now up to EU finance ministers – including Portugal’s Fernando Medina – to reach a consensus on a name at an informal meeting in Santiago de Compostela, Spain, in mid-September.

The aim is to elect someone to take over when current EIB President Werner Hoyer resigns at the end of the year.

The EIB is the EU financial institution that financially supports projects inside and outside the EU area in accordance with European priorities. It is owned by the member states and its Board of Governors consists of the finance ministers of the 27.

News updated at 19:06

Source: TSF

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