Nadia Calviño Backed for European Investment Bank Presidency as Margrethe Vestager Withdraws

Vestager, known for her antitrust enforcement, returns to EU’s executive commission as Calviño's candidacy awaits final approval.

Margrethe Vestager, the European Union’s powerful antitrust chief, has withdrawn her candidacy for the presidency of the European Investment Bank (EIB).
EU finance ministers have backed Spain’s economy minister, Nadia Calviño, to become the bank’s next president.
Calviño's candidacy still requires approval from the bank’s board of directors and board of governors.
Vestager, known for her strict enforcement of antitrust laws against tech giants, will return to her role at the EU’s executive commission.
Calviño plans to use the EIB to fund the green transition, provide financial support to the rebuilding of Ukraine, and support the role of Europe in the world.