Ireland's Donohoe named head of eurozone finance group

The job is considered one of the EU's key positions, along with the heads of the European Commission, EU Council and the European Parliament.

"I'm deeply conscious that the citizens of Europe ... have become fearful again for their futures, for their jobs, and for their incomes," Donohoe told reporters after the vote that was held virtually.The choice came as a surprise and was attributed to a campaign by ministers from small countries who were wary of giving the highly strategic post to a European heavyweight such as Spain.

The 45-year-old will also be in charge of reviving stalled reforms of the single currency that is widely seen as needing fixing.Donohoe road to victory began last week by gaining the crucial support of the European People's Party that unites the European conservatives, including Chancellor Angela Merkel's CDU in Germany.

Calvino had the backing of southern Europe, France and Merkel, who said she would like to see a woman in the job for the first time.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lawsuit alleges Wendy's franchisee spent $1 million of PPP funding to finance homeA former employee of Starboard Group, a large Wendy's operator, alleges that the franchisee's chief executive diverted $1 million in Paycheck Protection Program loans to finance his home in Montana. Why don't you all report on something a little bigger then this. petition to stop fraud china stocks: SEC round table: Of course it did. I wonder overall how much of the money was actually used for payroll and business expenses and how much was pocketed by wealthy people.
Source: CNBC - 🏆 12. / 72 Read more »