The Governor of the Bank of Spain, Miguel Fernández Ordóñez, has announced he will be leaving a month earlier than previously planned. He will now depart on June 10. He told the Prime Minister of his decision to bring forward the date from July12. He has held the post over the past six years. He goes on the same day that the banks have to present their viability plans for health assets. Press reports name Luis María Linde as his successor, and indeed he was proposed in the Cabinet last week. If he chosen he will have to retire in 2015, when he reaches the age of 70. He is currently an assessor to the Bank of Spain.
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