Paschal Donohoe wins in bid to become president of the group of Euro finance ministers

📆 09/07/2020 03:31 p. m.
📰 thejournal_ie

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Minsiter for Finance Paschal Donohoe has been elected new president of the Eurogroup – the group of finance ministers from the 19 countries that use the Euro currency

Donohoe hopes to be elected president of the Eurogroup today. Image: Sam Boal/Rollingnews.ie Donohoe hopes to be elected president of the Eurogroup today. Image: Sam Boal/Rollingnews.ie Updated 8 minutes ago

The task requires a great deal of diplomacy, since it involves forging compromises between richer countries in the north that insist on budgetary discipline and those in the south that are considered more lax. He will still perform his role as Minister of Finance in the Irish government alongside the presidency of the Eurogroup.

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Paschal Donohoe's bid for president of the group of Euro finance ministers to be decided todayDonohoe faces opposition from finance ministers in Spain and Luxembourg for the Eurogroup presidency.
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