Euro zone searches for a new chief as it fights over plans for new fiscal stimulus

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The 19 finance ministers of the euro area are looking for a new president, at a time when the region is facing tough negotiations over a 750 billion euro ($851 billion) fiscal plan.

Even before the official process begins, there are three names being mentioned as potential candidates: Spain's finance minister Nadia Calvino, Luxembourg's finance chief Pierre Gramegna and, from Ireland, Paschal Donohoe.

The Eurogroup, which brings together the finance chiefs of countries that share the euro, will welcome applications from Thursday afternoon in a process that's due to be concluded by July 9. Even before the official process begins, there are three names being mentioned as potential candidates: Spain's finance minister Nadia Calvino, Luxembourg's finance chief Pierre Gramegna and, from Ireland, Paschal Donohoe..

 

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