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Portuguese Finance Minister Mario Centeno will be the new chair of the Eurogroup       European Union Finance 

Portuguese Finance Minister Mario Centeno will be the new chair of the Eurogroup    

Portuguese Finance Minister Mario Centeno was elected as the new chairman of the Eurogroup at a meeting in Brussels on Monday by the Heads of State of the EU Member States using the common currency.

The new president has been elected by a simple majority for two and a half years by members of the euro area finance ministers.
The mandate of the Dutch Social Democrat Jeroen Dijsselbloem, currently leader of the group, will expire on 13 January 2018, and his post will be taken over by his successor.
According to experts, the paper format prevailed, as Centeno was 50, who officially became an independent politician to the Portuguese Socialist Party.
In addition to the post Centeno, three nominees competed: Dana Reizniece-Ozola, Pierre Gramegna of Luxembourg and Peter Kazimir, Slovakian Finance Minister.
The Social Democratic faction of the European Parliament has previously stressed that the next chairman of the Eurogroup should also opt for a social democratic politics, as it would be “dangerous” if after the main EU institutions – the European Commission, the European Council and the European Parliament – .
Experts say the victory of the Portuguese politician marks the beginning of a “new era” for the euro area and may shift the group from the “mantra”
Centeno, whose Portuguese ministry became a “model country” under his ministry, declared that it would seek consensus in this challenging period and work to put an end to this extremely difficult period for Europe.
After the vote, Dijsselbloem congratulated the winner, stressing that the main objective should remain to preserve the unity of the Eurogroup.

Source: MTI / Image: /

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