Irish Finance Minister Paschal Donohoe to run for Eurogroup presidency

Irish Finance Minister Paschal Donohoe to run for Eurogroup presidency

Ireland’s Finance Minister Paschal Donohoe is to put his name forward to become the next president of the Eurogroup of Eurozone finance ministers.

According to Irish and EU sources, an announcement is due at 1600 Brussels time.

Donohoe took up the role as Irish finance minister in June 2017. His name has been among three possible candidates as forerunners for the role, following the resignation of Portuguese Finance Minister, Mario Centeno last month.

His centre-right party, Fine Gael (part of the EPP bloc in the European Parliament), is in the final stages of agreeing a new programme for a government with the Green Party and Fianna Fail.

If the programme is passed in a vote due on Friday, it will be a clear indication that he’ll remain in the finance role in the newly formed government.

If Donoghue succeeds, the victory will be viewed as a particular success for Ireland, given the economy was saved from bankruptcy by an EU-IMF bailout just ten years ago.

The other contenders for the role are Spain’s minister for the economy and business Nadia Calviño, who put her name forward earlier this week, and Luxembourg’s finance minister, Pierre Gramegna, who is expected to put his name forward ahead of the deadline later on Thursday.

Voting is due July 9th.

Related Posts

Israel launches airstrikes on Lebanon in response to rockets

Israel launches airstrikes on Lebanon in response to rockets

Wuhan orders mass COVID testing amid rare local outbreak

Wuhan orders mass COVID testing amid rare local outbreak

Italian NGO calls on government to address overcrowded prisons

Italian NGO calls on government to address overcrowded prisons

Today at the Olympics: Norway hurdler crushes own world record

Today at the Olympics: Norway hurdler crushes own world record

No Comment

Leave a Reply

Your email address will not be published. Required fields are marked *