Eurogroup presidency: Donohoe has good chances for second mandate

The current president of the Eurogroup, Minister for Finance of Ireland Paschal Donohoe, has a good chance of winning a second term as president of the Eurogroup. Diplomatic circles said the Irishman can count on broad support among the euro states. Donohoe is so far the only candidate for the presidency who has publicly expressed interest. The application period for the post of Eurogroup president ends this Thursday. The 19 finance ministers plan to vote on the presidency on Dec. 5. The term of office at the head of the Eurogroup is two and a half years.