Rye of Portugal obtains superior economic work in the new chapter of the eurozone – tech2.org

Rye of Portugal obtains superior economic work in the new chapter of the eurozone



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The Portuguese Mario Centeno will be the next boss of one of the key political bodies of the euro area, a change of guard that occurs when the monetary bloc seeks to enact ambitious reforms after the worst financial crisis in its history.

The decision to elect Centeno to lead the meetings of the finance ministers of the euro area came after two rounds of voting. The Luxembourgish Pierre Gramegna lost in the second round, while the Slovak Peter Kazimir and the Latvian Dana Reizniece-Ozola withdrew after the first.

Finding a replacement for Jeroen Dijsselbloem, whose term ends in January, proved difficult, authorities said, partly because the position requires a complex set of criteria to be met. The main roles in European institutions have traditionally been divided along geographic and political lines: between North and South, East and West, large and small countries, and between conservatives, social democrats and liberals.

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