Eurogroup President Mario Centeno said on Thursday that the finance ministers of Ireland and Luxembourg, as well as Spain’s economy minister, constitute an “excellent” group of candidates for the group’s presidency.
“The period of candidacies for the presidency of the Eurogroup has ended. Nádia Calviño [Spain], Paschal Donohoe [Ireland] and Pierre Gramegna [Luxembourg] submitted their application. I warmly welcome your initiative,” said Mário Centeno, in a post on the social network Twitter.
Portugal’s former finance minister said it was an “excellent set of candidates” for the Eurogroup presidency, demonstrating the group’s current relevance in ensuring the stability and prosperity of the euro zone.
Nádia Calviño, Paschal Donohoe and Pierre Gramegna announced on Thursday their candidacy for the position currently held by Mário Centeno, on the last day for submission.
Luxembourg Minister Pierre Gramegna made his candidacy public on the social network Twitter.
“I am ready to run for president of the Eurogroup. Today’s challenges require consensus and compromise among all eurozone members, small or large, from north to south and from east to west,” reads a Gramegna publication.
In a statement posted on his website, Irish Minister Paschal Donohoe said that “the President of the Eurogroup has a crucial role to play in the political response to key economic issues, including the impact of the Covid-19 pandemic”, stating himself as “one of the European Union’s finance ministers and a member of the Eurogroup” in office for a longer time.
Also on Thursday, the Spanish government defended the candidacy of its economy minister, Nadia Calviño, for the presidency of the Eurogroup.
“The government’s economic vice president, Nadia Calviño, will be a candidate for the presidency of the Eurogroup, a key body for cooperation between eurozone members and for building a stronger and more united Europe,” according to a statement sent to the newsrooms in Madrid.
The election will take place at the next Eurogroup meeting in early July.
To be elected, the future president will have to rely on the support of at least 10 of the 19 eurozone countries and takes office on July 13 for a two-and-a-half-year term.
In early June, Mário Centeno stepped down as Portugal’s finance minister, thus being ruled out of the possibility of continuing to lead the Eurogroup.