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Finance Minister gets boost for euro top job

The Local · 2 May 2012, 08:12

Published: 02 May 2012 08:12 GMT+02:00

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"He has my complete backing," Juncker, who is also the Luxembourg prime minister, was quoted as saying by the Germany daily Die Welt.

Schäuble, 69, an unofficial candidate so far, knows the issues well and would "put his heart" into the job, Juncker said of the wheelchair-bound German finance minister.

The Luxembourg premier has chaired the Eurogroup since it was created in 2005, but has indicated he will not seek a new mandate after the current term ends at the end of June.

On Monday, Juncker said in the northern port of Hamburg that the Eurogroup chief should be someone who listens well and who "does not discover the state of affairs in Cyprus" when the subject comes up during a meeting.

A nomination of Schäuble "would be an ideal choice in that sense", Juncker had said.

In addition to the Eurogroup post, European Union or eurozone authorities are to select candidates for several high-profile positions in the coming months.

Story continues below…

The posts include heads of the permanent rescue fund the European Stability Mechanism and the European Bank for Reconstruction and Development.


The Local (news@thelocal.de)

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Your comments about this article

08:42 May 2, 2012 by smart2012
Did anyone say in germany that Juncker is leaving cause he cannot agree with the German and French way of working in EU??? Another sign on how populist German press is giving a distorted view
09:52 May 2, 2012 by AlexR
Great! As it wasn't bad enough having an *accountant* running the German *Finance* Ministry, now the same accountant will take over the euro top finance job.

@smart2012: "Did anyone say in germany that Juncker is leaving cause he cannot agree with the German and French way of working in EU???"

Neither did the Local on the article above. I'm quoting from Bloomberg: "Jean- Claude Juncker said he¦#39;s stepping down as head of the group of euro-area finance ministers because he¦#39;s tired of Franco-German interference in managing the region¦#39;s debt crisis.

"They act as if they are the only members of the group," Juncker said today at a podium discussion in Hamburg. At the same time, Juncker said he¦#39;d "fully support" a potential candidacy of German Finance Minister Wolfgang Schaeuble to succeed him at the helm of the Eurogroup. Schaeuble has "superb qualifications" for the job, Juncker said."


The above is a clear example of the incompetence of the people running the EU. Juncker criticized the Franco-German interference while at the same time he's fully supporting a German to take over his job.
10:56 May 2, 2012 by smart2012
This may be a strategy to give him the job so that he needs to manage compromises, rather then always say "no" to all proposals ;-)
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