Race to head Eurogroup heats up
Race to head Eurogroup heats up
Brussels - Egypt Today
Negotiations are heating up ten days ahead of the election of a new president of the Eurogroup, whose job will be to shepherd major reforms to the eurozone currency bloc.
Elected for two and a half years, the head of the Eurogroup chairs the monthly meetings of finance ministers of the 19 countries that use the single currency, with the main responsiblity of coordinating the often clashing economic policies and priorities of its members.
The job was especially crucial during the tumultuous years of the eurozone debt crisis, when the bloc's ministers faced the daunting task of saving the euro from near collapse.
Currently held by former Dutch finance minister Jeroen Dijsselbloem, the job is considered one of the most strategic in Europe and on par with the head the Commission, held by Luxembourg's Jean-Claude Juncker, and the head of the Council, held by Poland's Donald Tusk.
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