Overview
- Ministers chose Vujčić in a surprise outcome over favorites including Olli Rehn and Mário Centeno after a third round of voting.
- The selection met the formal bar of at least 16 of 21 countries representing 65% of the euro area’s population, implying backing from the largest members.
- The European Central Bank and the European Parliament will be consulted next, with a parliamentary hearing expected; lawmakers cannot veto the appointment but could register symbolic opposition.
- EU leaders are slated to make the formal appointment in March, with Vujčić set to succeed Luis de Guindos when his term ends on May 31.
- The move begins a broader reshuffle of the six‑member executive board through 2027, including the presidency, and would mark the first seat for a post‑communist eastern member state if confirmed.