ECB's Vujcic Faces Uncertain Future With New Term in the Balance [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
The administration, which took power this month, has until July 13 to decide whether to hand the 59-year-old Boris Vujcic a third six-year stint as governor. But with the addition of a nationalist party to Prime Minister Andrej Plenkovic's ruling coalition complicating appointments, Vujcic's prospects are unclear. Any personnel shakeup would come with the European Central Bank's Governing Council — which sets monetary policy for the euro zone and counts Vujcic as a member — on the brink of cutting rates following an unprecedented inflation-fighting campaign. Replacing him could also damage Croatia's hopes of gaining a louder voice within the European Union, which it only joined in 2013, since Vujcic is considered a possible candidate for elevation to the ECB's six-strong Executive Board down the line. Having helped steer the former Yugoslav republic of 3.9 million people into the currency bloc in 2023, Vujcic had looked a safe bet to continue. But Plenkovic must hammer out a de
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