Spain’s Nadia Calviño wins fight to head EU Investment Bank

The finance minister’s victory over Denmark’s Margrethe Vestager comes after months of wrangling

Transcript

00:00 Spain's economy minister, Nadia Calvino.

00:03 She's just been named as the new head of the European Investment Bank.

00:06 When she takes over on the 1st of January, she'll become the first woman to hold the post.

00:11 As the bloc's lending arm, the bank has grown in importance since Russia's war in Ukraine,

00:16 with the top job attracting some of the biggest names in European politics,

00:20 including Denmark's Margrethe Vestager.

00:23 The EU competition commissioner had to step down temporarily to run for the job.

00:28 She'd be in the frontrunner until Calvino pipped her to the post.

00:32 [WHOOSH]