“I was delighted with him”
The appearance of the Governor of the Bank of Spain, José Luis Escrivá, yesterday in the Congress of Deputies at the request of Vox to explain the reasons for the departure of the Director General of the Institution, Ángel Gavilán, has not thrown more light than had been contributed from the bosom of the regulator until now Gavilán and “cooking” by Escrivá and its closest collaborators, the General Director of Strategy, Mayte Ledo, and the head of Institutional Relations, Eva Valle.
“The resignation and departure of Ángel Gavilán of the Bank of Spain have nothing to do with the latest annual report, but already announced his departure before this presentation for a very clear reason, that he wanted to find new professional horizons. And I understand why I have changed a lot of work in my life,” said the governor of the supervisor, who stressed that his resignation “has nothing to do with the annual report or with an alleged relationship between them. “I am delighted with Mr. Gavilán. I would not have wanted to have gone.”
Escrivá has allowed Gavilán to say goodbye after the presentation of the quarterly report because “a work cycle ends and I asked him to complete it” and that is why he says goodbye tomorrow “, although he has not lost the opportunity to launch a deep depth load:” When one makes the first quarterly report, he does it with enthusiasm, but when he has been twenty years old, not so much years.
Escrivá has defended the open process to replace Gavilán so that “the best candidates for the position with the greatest transparency” are presented, since it will be chosen by a panel of “three very high prestige economists. He also recalled that, with this process, the person who will replace him, “for the first time, will not be appointed directly by the governor.”
The controversy of this output was triggered when after presenting the annual report it was learned that Gavilán had submitted its resignation. Immediately the “cooking” of the report with its departure was related, having presented an annual economic analysis of the situation of the economy and economic policies of the most lax government of the usual, after the changes introduced by Escrivá and its team. On the governor, the shadow of his past fell again as Pedro Sánchez’s government minister between 2020 and September 2024 and the accusations of being a government appendix in the institution. Escrivá threw balls out and reported in the media that Gavilán had moved him a while that he saw his stage “exhausted” his stage in the Bank of Spain and “wanted to face new challenges outside the bank.” Yesterday, it was a step further and said that “I would have liked it to have continued.”