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Spain's Calvino Beats Vestager To Head Bloc's Lender

Nadia Calvino EIB European Union Spain Margrethe Vestager the European Investment Bank Ukraine Economy

Nadia Calvino, the Spanish economy minister, had been the frontrunner for the EIB role for several weeks (Credit: AFP)

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

The top post at the Luxembourg-based EIB attracted some of the biggest names in European politics, including the European Union's competition commissioner, Margrethe Vestager, who had stepped down temporarily to run.

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