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International Business Times
International Business Times
Business
Valentin BONTEMPS

Spain Finance Chief Calvino To Head EU's Lending Arm

Spain's Economy Minister Nadia Calvino is fluent in English, French and German (Credit: AFP)

Spain's Economy Minister Nadia Calvino, the newly-named European Investment Bank (EIB) chief, is a politician who is well-versed in EU lore and a pragmatist with experience of navigating power struggles.

Since its creation in 1958, the EIB has had seven presidents, "all of them men, and never a Spaniard," the 55-year-old economist said while putting her name forward to become the first woman to run what is effectively the EU's financial arm.

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