Tags: EU | Eurozone Chief

Portugal Proposes Its Finance Minister as Eurozone Chief

Thursday, 30 November 2017 06:38 AM

LISBON, Portugal (AP) — Portugal's government says it has put forward its finance minister Mario Centeno as a candidate to become head of the group of 19 countries which share the euro currency.

The center-left Socialist government said in a brief statement Thursday that Harvard-educated Centeno will run in the eurogroup election next week.

The eurogroup chief chairs meetings between the eurozone finance ministers and is a high-profile public figure.

Centeno took office in the Portuguese government that came to power in December 2015 and pointedly reversed numerous austerity policies the country was forced to adopt after needing a 78-billion-euro ($92 billion) bailout in 2011 to avoid bankruptcy.

Centeno blamed austerity for causing a three-year recession before he took office. Portugal's economy is thriving again, with growth forecast to reach 2.3 percent this year.

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Portugal's government says it has put forward its finance minister Mario Centeno as a candidate to become head of the group of 19 countries which share the euro currency.The center-left Socialist government said in a brief statement Thursday that Harvard-educated Centeno...
EU,Eurozone Chief
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2017-38-30
Thursday, 30 November 2017 06:38 AM
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