Particle.news
Download on the App Store
4 ARTICLES
·
last wk.

Carlos Cuerpo Enters Race for Eurogroup Presidency

He challenges incumbent Paschal Donohoe in a simple-majority vote set for July 7 to push for faster economic integration in the eurozone.

Image

Overview

  • Spanish Economy Minister Carlos Cuerpo officially registered his bid to lead the Eurogroup, setting up a contest with incumbent Irish Finance Minister Paschal Donohoe.
  • The presidency vote is scheduled for July 7 and will be decided by a simple majority of eurozone finance ministers.
  • Cuerpo becomes the third Spanish candidate after unsuccessful bids by Luis de Guindos in 2015 and Nadia Calviño in 2020.
  • He vows to drive a more agile eurozone agenda focused on economic growth, welfare enhancements and deeper integration.
  • Donohoe retains backing from European People’s Party ministers even as five major member states advocate injecting new dynamism into the Eurogroup.