Body presents Hernández de Cos's candidacy to head the ECB before the Eurogroup

Spain has officially endorsed Pablo Hernández de Cos as a candidate for the presidency of the European Central Bank, supported by both the Socialist and Popular parties. His candidacy will be discussed at the Eurogroup meeting on November 9. Hernández de Cos, former governor of the Bank of Spain and current director general of the Bank for International Settlements, is seen as a consensus candidate. His main rival is Klaas Knot from the Netherlands, known for his hawkish monetary policy stance. The Spanish government emphasizes Hernández de Cos's international reputation and leadership skills, highlighting his experience in various economic roles.