portugal latvia vie for eurogroup chief job
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Portugal, Latvia vie for Eurogroup chief job

Egypt Today, egypt today

Egypt Today, egypt today Portugal, Latvia vie for Eurogroup chief job

Latvia, Slovakia and Luxembourg also announced their candidacies for one of Europe's most senior jobs
Brussels - Egypt Today

Finance ministers from four countries, including favourite Portugal, threw their hats into the ring Thursday to replace Jeroen Dijsselbloem as head of the Eurogroup, a job that will involve carrying out major reforms to the euro currency.

Latvia, Slovakia and Luxembourg also announced their candidacies for one of Europe's most senior jobs, with a final choice expected at the next meeting of the 19 Eurogroup ministers on Monday in Brussels.

"I have decided to put forward my candidacy for the presidency of the Eurogroup (...) with the intention of working towards a necessary consensus to complete Europe's economic and monetary union," Portuguese Finance Minister Mario Centeno said in a statement.

His candidacy marks a big turnaround since the worst of the debt crisis for Portugal, which was bailed out in 2011 and enacted painful reforms to put it back on solid economic footing.

Spain is openly backing Centeno, who has also received signs of support from France and Italy, the eurozone's second and third biggest economies. European Commission chief Jean-Claude Juncker has also backed him.

Slovakia's Peter Kazimir, often a strong backer of Germany's austerity-heavy approach, confirmed his candidacy on Twitter, saying that "I see the Eurozone as engine of European integration."

In a surprise, Latvian Finance Minister Dana Reizniece-Ozola, 36 and a former chess master, is also running, a diplomat told AFP.

Their bids come soon after the EU's eastern member states were painfully overlooked in favour of France and the Netherlands to be the new hosts for EU agencies forced to leave London after Brexit.

Luxembourg's Pierre Gramegna also confirmed his candidacy, a spokeswoman said in an email to AFP.

- 'Europe needs to be stronger' -

Elected for two and a half years, the head of the Eurogroup chairs the monthly meetings of finance ministers of the 19 countries that use the euro, with the main responsiblity of coordinating the often clashing economic policies and priorities of its members.

Former Dutch finance minister Dijsselbloem must step down as Eurogroup head after losing his ministerial job following a poor election result in the Netherlands earlier this year.

The job is one of Europe's top posts, with the holder considered one of the EU's "five presidents" along with European Commission head Juncker and European Central Bank chief Mario Draghi.

The role was especially crucial during the tumultuous years of the eurozone debt crisis and Greek bailout negotiations, when the bloc's ministers faced the daunting task of saving the euro currency from near collapse. 

Ministers have a myriad of considerations in selecting a candidate, including nationality and political leaning, with Centano's socialist party widely considered to be due a top post.

According to media reports, Portuguese Prime Minister Antonio Costa discussed the job on Wednesday with German Chancellor Angela Merkel, the eurozone's most influential leader, at an EU-Africa summit in Africa. 

"Europe needs to be stronger and more united and we are ready to work towards that," Costa said on the sidelines of the summit.

Source:AFP

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

portugal latvia vie for eurogroup chief job portugal latvia vie for eurogroup chief job



GMT 13:04 2018 Wednesday ,03 October

Qureshi agreed cooperation with United States

GMT 08:37 2017 Wednesday ,09 August

Gulf diplomatic crisis splits families, dashes dreams

GMT 12:50 2015 Wednesday ,28 January

15 Israeli soldiers killed in Hezbollah missile attack

GMT 11:52 2018 Tuesday ,23 January

Saudi university to open driving school for women

GMT 03:50 2017 Sunday ,23 April

Drought-hit Somalia moves closer

GMT 09:30 2017 Saturday ,08 July

Law enforcement forces in N. Sinai in manhunt

GMT 09:20 2017 Sunday ,29 October

World downhill champion Stuhec out of Olympics

GMT 09:08 2017 Tuesday ,15 August

Iranian drone buzzes US aircraft over Gulf

GMT 08:28 2017 Friday ,07 July

Beauty & hair magazine

GMT 12:10 2015 Thursday ,26 November

UAE Space Agency launches Planet Mars contest

GMT 14:27 2018 Thursday ,01 November

German businesses support closer EU-Russia ties

GMT 14:56 2018 Monday ,08 October

Barca held again as Sevilla lead La Liga

GMT 22:20 2012 Thursday ,08 November

RMA launches manufacturing plant in Bahrain

GMT 18:27 2014 Saturday ,27 December

Internet outage in area between Cairo, Kafr el-Dawwar

GMT 10:40 2018 Monday ,24 September

South Korea-Japan summit to be held

GMT 09:56 2018 Tuesday ,18 September

Gulf Air receives Thales InFlyt Experience officials

GMT 22:52 2018 Wednesday ,05 September

Porcshe GT3 back for 10th season
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday