The European Central Bank is pushing for Jose Manuel Gonzalez-Paramo to become the new governor of the Bank of Spain

The European Central Bank is pushing for Jose Manuel Gonzalez-Paramo to become the new governor of the Bank of Spain, replacing Miguel Angel Fernandez Ordonez, who last week announced he was stepping down June 10, one month earlier than scheduled, Cinco Dias reported in its Tuesday Internet edition
Spain's cabinet will approve the designation of a new central bank governor central bank at its weekly meeting Friday
Mr. Gonzalez-Paramo's eight-year term on the ECB's Executive Board, based in Frankfurt, ended last week
Recent press reports had initially suggested as strong candidates Luis Maria Linde, a former general director of the Bank of Spain, and Fernando Becker, ex chairman of state-owned business support group Instituto de Credito Oficial, or ICO, and currently a director at Spanish utility Iberdrola SA