The Irish Government is today expected to nominate Paschal Donohoe to become President of the Eurogroup, an influential role responsible for coordinating finance ministers across the Euroarea. The nomination, which has to be made by a deadline later today, will copper fasten expectations that Paschal Donohoe will retain his job as Minister for Finance here in the incoming Government. The Eurogroup’s outgoing President Mário Centeno resignation as Portugal’s finance minister triggered the need for a new leader of the group of eurozone finance ministers. Spain has formally nominated its Finance Minister Nadia Calviño this morning for the same role. The decision on who gets the job will be decided by a vote of Euroarea members.

Source: Irish Independent June 25, 2020 10:52 UTC