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Donohoe elected head of eurozone finance ministers

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Paschal Donohoe takes over as head of the Eurogroup following the resignation of Portuguese Finance Minister Mário Centeno

Minister for Finance Paschal Donohoe has been elected as president of the group of eurozone finance ministers.

During the euro crisis and the bailouts of Greece, Portugal and Ireland, the group, and then-president Jeroen Dijsselbloem, were centre stage in both the management and the politics of the calamity that nearly sank the single currency. "My immediate priority, as president, will be to chart a common way forward on building the European recovery, strengthening the eurozone economy, and promoting sustainable and inclusive growth for member states and their citizens. Across the EU our citizens are looking to us to provide the necessary leadership.

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