Spain may not have enough time to appoint a new Central Bank President to attend the July European Central Bank meeting.

The July 11th data from Jinshi, Spanish Minister of Economy Carlos Cuerpo said that Spain may not be able to appoint a new Central Bank governor in time to represent Spain at the next European Central Bank monetary policy meeting on July 18th. Cuerpo told reporters that if the government has not decided who will be the new Central Bank governor, then Deputy Governor Margarita Delgado may represent Spain at the meeting, but without voting rights. The term of office of the former Spanish Central Bank governor, Hernández de Cos, expired last month, and Delgado's term will expire in September.