The Portuguese minister of finance is said to suffer from work overload while other ministers of the Eurogroup are apparently unhappy with Centeno’s management style. Only 1 month ago, the Eurogroup held a meeting about possible aids in the corona crisis. While the meeting lasted over 16 hours, it ended without results.
The Spanish Minister of Finance and the Economy, Nadia Calviño, is widely regarded as the logical successor of Centeno. However, there are also reservations against this politician and, according to the German newspaper FAZ, this means that Pierre Gramegna is also being considered again. The Luxembourgish minister of finance lost to Centeno during the last elections for president of the Eurogroup two years ago. The politician of the Democratic Party (DP) could therefore have a second chance in July.
According to the German press, Gramegna is not considered an “economic heavy-weight”, but rather seen as friendly and balanced. He would therefore be a perfect compromise candidate.
The FAZ mentions the Irish Minister of Finance, Paschal Donohoe, as a third potential candidate for the important position as president of the informal Eurogroup. However, he would only be considered if Gramegna and Calviño were to block each other.
