Ministers of Economy and Finance eurozone (European group) was re-elected as Irish Finance Minister on Monday, Easter Donohoeas chair of this forum for a new term of two and a half years from next January.
“Since autumn 2021, the Eurogroup has been at the forefront of assessing and analyzing the impact of energy prices and inflation on the eurozone economy. I have now been re-elected, “My first priority will be to strengthen coordination,” he said. In a statement, Donohoe thanked his colleagues for the renewed trust.
The Irish minister, who has chaired the Eurogroup since July 2020, was the only candidate for the position and his election would put Ireland in second place. unusual case of having two representatives in the forum It brings together the economy ministers of the euro countries.
Donohoe should leave the Finance portfolio as a result of a change to the Irish Government in December, to be replaced by a representative of the coalition partner, according to the coalition agreement signed in that country. Fianna Failed, predictably Michael McGrath.
the way suggested by Dublinand is now endorsed by Nineteen, as Donohoe takes on the following portfolio: Public Expenditures and Reforms in his home country and will represent his successor Ireland in the Finance portfolio, while merging it with the Eurogroup presidency.
Traditionally, the head of the Eurogroup is attributed to one of the eurozone finance ministers, but this is clearly strict rules There are some country precedents that hold this informal forum and have two representatives on a temporary basis.
Donohoe became the visible head of the Eurogroup during the pandemic crisis and more recently created by the war in Ukraine, advocating close coordination of financial policies of the 19s in both cases and spearheading the work towards progress in banking. however, the union has not made significant progress in the face of divisions between partners.
The Irish minister received congratulations from the new managing director of the eurozone recovery fund, the former finance minister of Luxembourg. Pierre Gramegnawho attended the first Eurogroup meeting today with his new assignment.
“Deserved! Your dedication and diplomacy are outstanding and necessary in the future”, said on the social network Twitter.