Croatia’s Vujcic nominated as ECB’s next vice president

Croatia’s Boris Vujcic was formally nominated on Monday as the European Central Bank’s next vice president, putting him on track to become the first person from the former communist east to win a seat on the board of the bloc’s most important financial institution.

Having secured the support of the euro zone’s 21 finance ministers, Vujcic is now expected to take over from Spain’s Luis de Guindos on June 1, becoming the ECB’s number two behind Christine Lagarde at a relatively tranquil moment...