Eurozone picks new chief as pandemic recession looms | Malay Mail

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BRUSSELS, July 9 — Eurozone finance ministers, known as the Eurogroup, will elect their new president today, filling a key job just as the continent is facing the worst recession in EU history. Among the 19 ministers, three have bid for the post: Spain’s Nadia Calvino, the favourite who is part...

Luxembourg’s Finance Minister Pierre Gramegna December 4, 2017, in Brussels; Spain’s Minister for Economic Affairs Nadia Calvino June 8, 2018, in Madrid; and Ireland’s Finance Minister Paschal Donohoe October 8, 2019, in Dublin. — AFP pic

The job is considered one of the Europe’s key positions, along with the heads of the European Commission, EU Council and the European Parliament. 51-year-old Calvino, who would become the first woman to lead the Eurogroup, has the support of German Chancellor Angela Merkel and the countries of the south.

The north-south split has taken on even greater importance as countries negotiate the €750 billion recovery plan.

 

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