Overview
- Spain’s Economy Ministry said Cuerpo will not run to lead the Eurogroup after Paschal Donohoe’s departure for the World Bank.
- Eurogroup candidates were due today, with finance ministers set to elect a new president by simple majority on December 11 for a two‑and‑a‑half‑year term starting December 12.
- Cyprus’s finance minister, Makis Keravnos, is serving as acting Eurogroup president pending the vote.
- Madrid stated it will seek strong representation in key European economic bodies, with particular attention to the upcoming contest to replace Luis de Guindos as ECB vice president.
- Spanish media report Cuerpo weighed the European People’s Party’s strength among euro-area ministers as a hurdle to his bid, while Spain also holds senior posts at the EIB and EBA, with José Manuel Campa’s resignation effective January 31.