I am deeply honored to be elected as the new President of the #Eurogroup. I look forward to working with all of my Eurogroup colleagues in the years ahead to ensure a fair and inclusive recovery for all as we meet the challenges ahead with determination pic.twitter.com/9k8EQfWSJa
— Paschal Donohoe (@Paschald) July 9, 2020
The Department of Finance announces:
The Minister for Finance, Paschal Donohoe TD, has today (Thursday) been elected as President of Eurogroup of Finance Ministers, succeeding Portugal’s Mario Centeno. His term will commence on 13 July, and he will serve for 2.5 years in the role.
Minister Donohoe was elected by his fellow Euro Area Finance Ministers at a meeting of the Eurogroup held by video conference. The other candidates were Minister Nadia Calviño of Spain, and Minister Pierre Gramegna of Luxembourg.
The Eurogroup is the body through which Finance Ministers of the 19 Euro area Member States take decisions on policy issues relating to management of the Euro area economy. Finance Ministers of the eight Member States who are not part of the Euro area frequently attend meetings given the importance of the issues under discussion.
The Eurogroup President has a vital role in shaping the agenda and policy response to major economic issues, including the economic impact of the present COVID-19 pandemic. Minister Donohoe is one of the longest-serving EU Finance Ministers and members of the Eurogroup.
— The New Hanseatic League (@HansaInTheEU) July 9, 2020
Agenda includes the economic & budgetary situation in the euro area, a presentation by @EFB_EU on the assessment of the appropriate fiscal stance and the election of the new Eurogroup President. pic.twitter.com/RlMeufK2NN
— Department of Finance (@IRLDeptFinance) July 9, 2020
— Frank Armstrong (@frankarmstrong2) July 9, 2020