The appointment of José Luis Escrivá as the new governor of the Bank of Spain has sparked significant controversy, highlighting concerns over the independence of the institution.

Critics argue that Escrivá's transition from a ministerial role to the head of an independent body without a cooling-off period undermines the bank's autonomy.

This move has intensified tensions between the government and the opposition, with the latter labeling the appointment as a 'perversion.

' The decision also adds to the ongoing political instability within the Spanish government, following recent high-profile departures.

Despite Escrivá's extensive experience in economics and central banking, the appointment is seen as part of a broader pattern of political influence over independent institutions, raising questions about the future credibility of the Bank of Spain.