By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Boris Vujčić on Wednesday cleared a key procedural step toward becoming the next vice president of the ECB after the Governing Council said it had “no objection” to his nomination.
Vujčić, who heads the Croatian National Bank, was the candidate recommended by the Council of the European Union for the post.
The European Central Bank said in a statement that the Governing Council had adopted its opinion on the recommendation and found that Vujčić met the Treaty requirement of “recognised standing and professional experience in monetary policy or banking matters.”
The appointment process now moves to the next institutional steps, with an opinion from the European Parliament due before a final appointment by the European Council. Vujčić appeared before the Parliament today.
The European Central Bank said the Governing Council’s opinion would be published shortly in the Official Journal of the European Union and would also be made available on the central bank’s website in all official EU languages.
Vujčić is set to take office on June 1 for a “non-renewable eight-year term,” the statement said.
He will succeed Luis de Guindos, whose term as vice president ends on May 31, 2026.