The PP proposes Fernando Fernández Méndez de Andés as a candidate to occupy the Council of the Bank of Spain

The Popular Party has proposed the physician in economics Fernando Fernández Méndez de Andés as a candidate to occupy the Council of the Bank of Spain, in response to PP sources, after the resignation of the economist Antonio Cabrales final Tuesday, hours after being appointed to occupy the cost with out giving official explanations about his departure.

Fernando Fernández Méndez de Andés has a technical profile of acknowledged status. He has labored as a world marketing consultant on macroeconomic, regulatory and monetary points. In addition, he was a senior economist on the International Monetary Fund.

He can be a member of the Advisory Board of the Spanish Institute of Financial Advisors (IEAF) and of the Foundation for Financial Research (FEF), of the Bruegel Scientific Council in Brussels, and is at the moment director of the Euro Yearbook, edited by FEF and ICO Foundation.

He can be the creator of educational and present affairs publications and has collaborated as an exterior professional for the European Court of Auditors and the European Parliament and was a member of the Committee of Experts for the Reform of the Spanish Tax System. He has additionally been Chancellor of the University of Nebrija and the European University of Madrid and director of Red Eléctrica Corporación.

This new candidate would occupy the place for which Cabrales was appointed, who, in flip, was going to exchange, together with Judith Arnal –in substitution of Carmen Alonso (chosen by the PSOE), Fernando Eguidazu (appointed in his day by the PP) whose phrases as administrators of the Bank of Spain ended originally of this month.

Cabrales resigned from the place just a few hours after the appointment, with out giving official explanations for his departure, though behind the choice could be, in response to the newspaper ‘El Mundo’, his particular help up to now for the previous Catalan minister Clara Ponsatí, escaped from the Spanish justice after the unlawful referendum on October 1, and the previous Minister of Economy Andreu Mas-Colell, prosecuted by the Court of Auditors for alleged embezzlement of public cash to advertise the ‘procés’ overseas.