Euro: Luxembourg’s prime minister has announced again that he will quit his job as Eurogroup chief.
Jean-Claude Juncker, head of the Grand Duchy’s government since 1995, has said that he will step down as chair of the Eurogroup of euro zone finance ministers “at the end of this year, or the beginning of next year.”
It is the second time this year that the prime minister, who also serves as Luxembourg’s treasury minister, has resigned from the post. In January Juncker announced that he would step down this past July from the Eurogroup job--which he has held since 2004--citing his heavy workload at home and fatigue. However, haggling over his replacement and several other top EU jobs--mainly between France and Germany--dragged on for months, leading to Juncker being reappointed as part of a grand political compromise and to maintain political stability in the EU.
“I informed colleagues (of) the intention I announced when my mandate was renewed back in last July that I will step down from the presidency of the Eurogroup by the end of this year, beginning of next year,” he told the press in Brussels on Monday evening following a meeting of the council. “And I asked them to do everything possible to appoint another minister as chair of the Eurogroup,” news service Reuters reported.
The next chair will have to be acceptable to the euro zone’s two largest economies and commentators often name Germany’s finance minister Wolfgang Schaeuble and France’s Pierre Moscovici as likely replacements.
“I don't have to endorse anyone,” Juncker news agency AFP quoted him as saying. “I was asking my colleagues to provide for my succession.”