Danish EU commissioner pulls out of race for top job at European Investment Bank

Margrethe Vestager, the EU Commission’s powerful antitrust chief who took unpaid leave to seek the top job at European Investment Bank, is returning to the EU’s executive arm for the next few months, Denmark’s government said (AP Photo/Virginia Mayo)

The European Union’s powerful anti-trust chief has withdrawn as a candidate for the presidency of the European Investment Bank (EIB), the Danish government said on Friday, after EU finance ministers gave their support to someone else.

Margrethe Vestager, who took unpaid leave in September to pursue the bank job, plans to return to her role at the EU’s executive commission for a few months, the government in Copenhagen said.