The Minister of Economy, Commerce and Business, Carlos bodyhas confirmed this Friday about the horn that will dispute the presidency of the Eurogroup, the forum of Eurozone Finance Ministers, to the Irish ‘popular’ Paschal Donohoewhich opts for re -election.
At the end of the deadline, which ended at noon this Friday, body has finally formalized its candidacy for the Eurogroup, a position that the Irish minister holds since 2020 and to which his couple also aspires to his Lithuanian couple, Sadzius rimantas.
Donohoe already defeated the current president of the European Investment Bank (BEI), Nadia Calviñoin 2020 even though he was considered the favorite to happen to Portuguese Mario Centeno and previously, in 2015, also the now vice president of the European Central Bank (ECB), Luis de Guindoslost to the socialist Jeroem Dijsselbloem.
Sources from the Ministry of Economy have stressed that body defends that the current geopolitical scenario requires addressing in a “urgent, agile and ambition”, the European political agenda, in whose definition the Eurogroup plays a “critical” role that Spain “wants to enhance to the maximum with a renewed impulse.”
Among his priorities, body bets on a reinforcement of the international role of the euro, as well as financial stability and fiscal responsibility And he is convinced that the Eurogroup “can and should be a lever” to boost the common European project.
These are the same arguments that Spain already defended, together with Germany, France, Italy and the Netherlands-the five main EU economies-in a joint document in which They demanded changes to guarantee a more protagonist role of this forum.
In this regard, diplomatic sources pointed out that this proposal “tried the fund, not the positions” and that its objective was to “contribute constructively to improve the efficacy of the Eurogroup” for what It should not be understood “as an accusation against Donohoe or a body support.”
What options has a body in the choice
Among the twenty members of the Eurogroup, Body will try to convince a majority of conservative ministers, including seven members of the European Popular Party (PPE) -Belgium, Croatia, Greece, Ireland, Latvia, Luxembourg and Portugal-political family to which the current president belongs, in addition to two representatives of the ultra-right governments of Finland and Italy.
The formal presentation of candidacies on Friday will be followed by a Voting on July 7 To decide which minister will preside over the forum for the next two and a half years that the mandate lasts, a career in which Donohoe starts as a favorite.
The procedure, which requires simple majorityalso provides for several voting rounds if in the first round none of the applicants manages to gather the necessary support among their partners.
