**Policy Summary:**
European Council Decision (EU) 2018/509, adopted on March 22, 2018, appoints Mr. Luis de Guindos Jurado as the Vice-President of the European Central Bank (ECB). This decision follows Article 283(2) of the Treaty on the Functioning of the European Union, Council Recommendation of February 20, 2018, the opinion of the European Parliament delivered on March 14, 2018, and the opinion of the Governing Council of the ECB delivered on March 7, 2018. The appointment is necessitated by the expiration of Mr. Vítor Constâncio's term on May 31, 2018. Mr. de Guindos Jurado's term is for eight years, commencing on June 1, 2018. The decision was published in the Official Journal of the European Union and entered into force on March 22, 2018. The decision was made by the European Council, with the President, D. Tusk.
Key Entities Referenced
European Council: The institution of the European Union that defines the general political direction and priorities of the EU.
European Central Bank: The central bank of the Eurozone, responsible for the monetary policy of the euro area.
Treaty on the Functioning of the European Union: One of the two primary treaties forming the constitutional basis of the European Union.
Luis DE GUINDOS JURADO: The individual appointed as Vice-President of the European Central Bank.
Vtor CONSTNCIO: The previous Vice-President of the European Central Bank whose term expired.
Brussels: The city where the European Council decision was made.
European Parliament: The parliamentary body of the European Union that shares legislative and budgetary powers with the Council of the European Union.
Governing Council of the European Central Bank: The main decision-making body of the European Central Bank.
27.3.2018 EN Official Journal of the European Union L 83/15
EUROPEAN COUNCIL DECISION (EU) 2018/509
of 22 March 2018
appointing the Vice-President of the European Central Bank
THE EUROPEAN COUNCIL,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 283(2),
Having regard to Council Recommendation of 20 February 2018 on the appointment of the Vice-President of the
European Central Bank (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Governing Council of the European Central Bank (3),
Whereas:
(1) In accordance with Decision 2010/223/EU of the European Council (4), the term of office of Mr Vítor
CONSTÂNCIO, Vice-President of the European Central Bank, expires on 31 May 2018 and it is therefore necessary
to appoint a new Vice-President of the European Central Bank.
(2) The European Council wishes to appoint Mr Luis DE GUINDOS JURADO who, in its view, fulfils all the
requirements set out in Article 283(2) of the Treaty,
HAS ADOPTED THIS DECISION:
Article 1
Mr Luis DE GUINDOS JURADO is hereby appointed Vice-President of the European Central Bank for a term of office of
8 years as from 1 June 2018.
Article 2
This Decision shall be published in the Official Journal of the European Union.
Article 3
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 22 March 2018.
For the European Council
The President
D. TUSK
(1) OJ C 67, 22.2.2018, p. 1.
(2) Opinion delivered on 14 March 2018 (not yet published in the Official Journal).
(3) Opinion delivered on 7 March 2018 (not yet published in the Official Journal).
(4) Decision 2010/223/EU of the European Council of 26 March 2010 appointing the Vice-President of the European Central Bank
(OJ L 99, 21.4.2010, p. 7).