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European Investment Bank head not up for German finance job

Posted September 29, 2017 7:00 am

The Associated Press

ATHENS, Greece (AP) - European Investment Bank head Werner Hoyer, whose name has come up as a possible candidate to be Germany's next finance minister, says he will be staying on at the helm of the EIB for the next six years.

Wolfgang Schaeuble, finance minister for the last eight years and a key figure in the eurozone's financial crisis, looks set to become the next speaker of Germany's parliament and is to be formally nominated next month following elections last Sunday.

Hoyer, speaking to reporters in Athens on Friday, said it was "nice to be mentioned" but that he was "extremely happy" as head of the EIB. He said the bank's governors had mandated him with another six years after his term ends on Dec. 31, "and I'm looking forward to that."

European Investment Bank head Werner Hoyer makes statements during a meeting with journalists in Athens, Friday, Sept. 29, 2017. Hoyer, whose name has come up as a possible candidate to be Germany's next finance minister, says he will be staying on at the helm of the EIB for the next six years. (AP Photo/Thanassis Stavrakis) The Associated Press

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