Citing an unnamed government source on the matter

Earlier in the day, Spanish news outlet El Mundo reported that France is backing Luis de Guindos in his bid to succeed Vitor Constancio as ECB vice president.

Latest word here is saying that it's not yet confirmed that they will vote for de Guindos - but it is "most likely" to be the case. Constancio's term ends on 31 May, with de Guindos and Irish central bank governor Philip Lane the two candidates running for the spot.

So far, de Guindos remains favourite for the post - in which there will be a Euro group vote due next week. The final decision will be taken by an enhanced majority of the Euro area's 19 national governments, according to Bloomberg.

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