MADRID (MarketWatch) -- Spain named central-bank veteran Luis Mara Linde
to become the next governor of the Bank of Spain, the Economy Ministry said in a statement Thursday. The appointment of 67-year-old Linde, who has worked at the central bank
since 1983, comes as the nation faces a major banking crisis. He replaces Miguel Angel Fernandez Ordonez, who has reportedly suffered criticism from the current government of Prime Minister Mariano Rajoy. Ordonez is leaving his post early to facilitate the transition. Linde has the support of both the ruling and opposition parties, Reuters said. Linde is due to assume his post Sunday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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