BRUSSELS, March 19 (Reuters) - European Union leaders appointed on Thursday Croatia's central bank Governor Boris Vujcic to be the vice president of the European Central Bank for a non-renewable 8-
EU Names Croatia’s Boris Vujcic as ECB Vice President Starting June 2024
Appointment of Boris Vujcic as ECB Vice President
Background of the Appointment
BRUSSELS, March 19 (Reuters) - European Union leaders appointed on Thursday Croatia's central bank Governor Boris Vujcic to be the vice president of the European Central Bank for a non-renewable 8-year term.
Boris Vujcic’s Experience and Qualifications
Professional Background
Vujcic, 61, will replace Spain's Luis de Guindos from June 1. He is a trained monetary economist who oversaw his own country's accession to the euro zone as its 20th nation in 2023, making it the second-newest member after Bulgaria.
Economic Philosophy
A former university professor, Vujcic is considered a moderate hawk who has consistently warned against lingering inflation risks and argued for only gradual policy easing to make sure price pressures are fully extinguished.
Role in Croatia’s EU Accession
A governor or deputy governor for more than 25 years now, he was also instrumental in negotiating Croatia's accession into the European Union in 2013.
Significance for Croatia and the ECB
Impact on Smaller EU Economies
The decision gives one of Europe's smallest economies the chance to take on a top ECB job, a relative rarity for an institution that has been dominated by the bloc's four biggest nations since its inception more than a quarter of a century ago.
Reporting Credit
(Reporting by Jan Strupczewski)
