BERLIN (AP) — Germany says it has nominated a deputy foreign minister as its candidate to become the next leader of the European Investment Bank.
Government spokesman Steffen Seibert says the Cabinet endorsed Werner Hoyer on Wednesday in Germany's bid to lead the EU's banking arm next year.
Hoyer holds a degree in economics and has been a German deputy foreign minister for several years.
The Luxembourg-based EIB, led since 2000 by Belgium's Philippe Maystadt, finances infrastructure projects in Europe and in some 150 countries around the globe.
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