The declining Spanish power in the engine room of the European Union

This Friday it will be known, almost certainly, if Nadia Calviño leaves the Government of Spain to preside over the European Investment Bank (EIB). Pedro Sánchez has been insisting for months on the importance of the position and what it will mean for our country in terms of representation, visibility and prestige. It is true that it is the direction of a community institution, and that Spanish companies are the EIB’s first clients, but in terms of power, influence, lobbying it is not a masterstroke. As happened in the summer of 2019, the Government seems to place more hopes in placing heavyweights in positions that certainly have visibility, such as that of the high representative for Foreign Policy, but that have little or no impact on a concrete benefit or straight.

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