The Eurogroup is searching for a new president as Mario Centeno, the socialist Portuguese finance minister, is due to end his tenure on July 13 after two-and-a-half years.
The Eurogroup approved in April plans to provide 540 billion euros in fiscal measures to mitigate the economic impact from the pandemic.
This plan has created differing opinions among the 19 euro countries and these differences could play a role when euro zone ministers vote on a new Eurogroup president next month. Nadia Calvino from Spain, Paschal Donohoe from the Republic of Ireland and Pierre Gramegna from Luxembourg are the three candidates for the position. The first to have 10 or more votes from the 19 ministers on July 9 becomes the new chief.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spain to propose Economy Minister Calvino as Eurogroup chiefSpain will propose its economy minister Nadia Calvino as a candidate to head the Eurogroup, the government said in a statement on Thursday, becoming the first country to formally announce a candidate.
Read more »
We're past the worst, but recovery will be uneven, ECB's Lagarde saysThe euro zone is 'probably past' the worst of the economic crisis caused by the coronavirus pandemic, but the recovery will be uneven, European Central Bank President Christine Lagarde said on Friday.
Read more »
Navigating the job market in the age of coronavirusNBC News’ Jacob Ward looks at the new opportunities available to job-seekers open to learning new skills amid the ongoing coronavirus pandemic.
Read more »
Qantas is cutting 6,000 jobs and raising $1.3 billion as the coronavirus pandemic takes its tollQantas is cutting 6,000 jobs and looking to raise up to 1.9 billion Australian dollars ($1.3 billion) as the carrier fights to survive the coronavirus pandemic.
Read more »