Eurogroup Head Jean-Claude Juncker to Step Down
Eurogroup head Jean-Claude Juncker has announced that he is stepping down at the end of December.
"I don't have to endorse anyone," Mr Juncker told reporters, as cited by BBC. "I was asking my colleagues to provide for my succession.
"And I asked them to do everything possible to appoint another minister as chair of the Eurogroup."
The Luxembourg prime minister has held the post of Eurogroup head since 2005, and his move was widely expected.
Eurogroup is made up of finance ministers from nations in the single European currency.
It is not yet clear who will succeed him in the post, and any candidate will have to be acceptable to the euro's main powers, France and Germany.
German Finance Minister Wolfgang Schaeuble and France's Pierre Moscovici are the most likely candidates.
- » Prime Minister Borisov will Participate in the Regular European Council Meeting
- » Bulgaria has One of the Strongest Employment Growth Rates in the EU for the Quarter
- » Bulgaria is Among the EU Countries with the Highest Number of Old Aircraft
- » Kristalina Georgieva: I Expect Bulgaria to Enter the Eurozone Waiting Room Next Year
- » Bulgarian PM: EU integration of the Western Balkans Would be Among the Priorities of the Bulgarian Presidency of the EU
- » Maria Gabriel: An Expert Group at European Level will Make a Common Definition of the Issue of False News