Latvia, Luxembourg, Portugal, Slovakia bid for Eurogroup chair

Finance ministers Dana Reizniece-Ozola of Latvia, Pierre Gramegna of Luxembourg, Mario Centeno of Portugal, in addition to also Peter Kazimir of Slovakia all submitted formal applications for the job on Thursday, officials told Reuters.

The decision is usually supposed to be taken on Monday.

The current Eurogroup chairman, Dutchman Dijsselbloem will step down on Jan 13 after two terms since 2012. He is usually no longer a finance minister after Dutch national elections earlier This particular year.

European socialists, of which Dijsselbloem is usually one, have been calling for the job to remain which has a socialist because the European centre-right already has many of the top EU jobs, such as European Commission president.

Centeno is usually a socialist in addition to also has the backing of Italy, whose own finance minister Pier-Carlo Padoan also wanted the job, although dropped out because the idea is usually not certain he will stay in government after Italian elections due by May 2018.

The Harvard-educated economist has led Portugal during a strong recovery coming from the country’s 2011-14 debt crisis in addition to also bailout. The country is usually growing at its fastest pace in at least a decade in addition to also the budget deficit is usually set to fall to its lowest in many decades.

In May, former German finance minister Wolfgang Schaeuble dubbed Centeno the “Ronaldo of EU finance ministers” — a reference to the Portuguese soccer star — as Portugal was about to exit the EU’s disciplinary procedure for running excessive deficits.

Some inside Eurogroup say, however, say a minister coming from a country of which had to be bailed out because of past policy mistakes would certainly have smaller chance of getting the job. Many also say of which Centeno has not contributed much to Eurogroup discussions inside past.

Slovakia’s Kazimir, also a socialist, has run a tight fiscal ship at home in addition to also has been hawkish on bailouts for Greece. Some officials say of which among socialist candidates he would certainly contain the backing of Germany in addition to also the Netherlands.

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