New Eurogroup head to be named Monday: Juncker

AFP, Friday 18 Jan 2013

Eurogroup chair to announce his successor next week

The new head of the eurozone's 17 finance ministers group will be named when they meet Monday, outgoing chair Jean-Claude Juncker said, with the Netherlands widely expected to take the post.

"The Dutch finance minister presented his candidature which is a good one and the decision will be taken next Monday," Juncker, the Luxembourg premier, said after meeting Jeroen Dijsselbloem Friday.

Dijsselbloem, who had said on Thursday that he would formally announce his candidacy when meeting Juncker, told reporters he would present his views on how to manage the eurozone after more than three years of crisis to his colleagues on Monday.

"I want to thank Juncker for his work at the Eurogroup ... (and) all the advice he has given me as a newcomer to this financial world," said Dijsselbloem, 46, who was only named finance minister in November.

"We'll see Monday how it goes. My French colleague has asked for a presentation ... (my) vision for the Eurogroup," he said.

"I am very glad to give that on Monday. That is a very reasonable request from the French colleague. We'll do that."

At one time, it had looked as if France wanted its finance minister Pierre Moscovici to take the Eurogroup post but Paris could not reach a compromise with Germany, the eurozone's paymaster and biggest economy.

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