Calviño’s departure to the EIB opens the door for De la Rocha in Economy

Calviño’s departure to the EIB opens the door for De la Rocha in Economy

The departure of Nadia Calviño to the presidency of the European Investment Bank (EIB) opens an intense battle to take over the Ministry of Economic Affairs. There are many names that are being considered, although – according to socialist sources – President Pedro Sánchez has been guarding the name of the replacement that will be effective with the inauguration of the -still- first vice president in January 2024. The pools accumulate, although Manuel de la RochaSecretary General of Economic Affairs and G-20 and main advisor of the area of ​​​​the chief executive, has the necessary stripes to take the helm of the Spanish economy. This is a man fully trusted by Pedro Sánchez, who has worked hand in hand with the European Commission in the drafting and negotiation of the continuous editions of the Recovery Plan and addendums in exchange for the disbursements received through European funds. . This is a key piece, since the Executive has based practically the entire economic strategy on the performance of the Next Generation.

However, the changes that the President of the Government introduced at the head of the portfolios after his inauguration, pave the way for José Luis Escrivá, which weeks ago the Ministry of Social Security gave up to take care of one of the powers that during the last legislature depended on Calviño: Digital Transformation. Sánchez could choose to unify responsibilities again, and recover the portfolio of Economic Affairs and Digital Transformation under -now- the direction of Escrivá. The minister has the consideration of Brussels, which considers him to have a solid and solvent profile, and who – like De la Rocha – has participated in the design of joint plans with the European institutions.

Outside the Government

But the substitute could also come from outside the Government. During the last hours, the possibility has grown that the next Minister of Economic Affairs will come from the PSC environment, vital for the reissue of Sánchez’s presidency. There is no shortage of candidates, but Maurici Lucena is the best positioned. The current president of AENA has the necessary training and experience. He has a political background, he was spokesperson for the socialist bench in the Parliament of Catalonia from December 2012 to October 2015; but also professional career away from the seat: at the head of the Center for Industrial Technological Development (CDTI) direction or the presidency of the Council of the European Space Agency. Also in the private sector, in different responsibilities at Banco Sabadell.

Finally, Sánchez could choose between a profile of the old guard. In the list of possibles there is David VergaraSecretary of State for Economy during the first term of Rodríguez Zapatero. His loyalty to Pedro Solbes precipitated – along with him – his departure from the Government, after rejecting the offer to continue in the position made by Elena Salgado. Now, fourteen years later, she has the possibility that she -then- was denied on several occasions.

The first vice presidency

Calviño’s jump to the EIB also leaves another vacant egg, the first vice presidency of the Government. Now that all the seats agreed upon with Sumar have been transferred, Sánchez could appoint María Jesús Montero as his number two. The Minister of Finance played a fundamental role during the process of negotiations that ended with the socialist’s inauguration, and she has a background at the head of Moncloa that other ministers lack. However, she does not have the halo of independence of Calviño, who is not affiliated with the PSOE.

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