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Jean-Claude Juncker has presided over eurozone meetings since 2005. Photo by EPA/BGNES
Luxembourg PM Jean-Claude Juncker, who has for long presided eurozone meetings, is highly likely to withdraw in June.
During the European Council over the week, Juncker has stated that in June he will hand over the position to someone else, report agencies.
In the meanwhile, Juncker has to find a suitable successor to chair the meetings of the 17 Ministers of Finance from the common currency area.
"It is a matter of time constraints. In view of the crisis I hardly manage to do my duties in Luxembourg and at the same time tense work in the euro group," said the Luxembourg PM.
He has been serving as the eurozone president ever since 2005.
Juncker commented that the hard work and what he described as "moments of anger and disappointment" were not what made him make the decision.
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