The Minister for Finance and President of the Eurogroup Paschal Donohoe has been unanimously re-elected for a second term as the President of the Eurogroup. In line with the usual practice for the President of the Eurogroup, Minister Donohoe was also elected as the Chair of the European Stability Mechanism (ESM) Board of Governors.
Minister Donohoe will carry out his duties as President of the Eurogroup, as Minister for Public Expenditure and Reform, after the change in Government in mid-December 2022. The Minister for Finance will represent Ireland at Eurogroup meetings.
Speaking after his re-election, Minister Donohoe said:
“I am enormously privileged that my colleagues have entrusted me with a second term working on their behalf. My first priority, is to deliver tangible results from our policy coordination to allow us to overcome the challenges that we are facing, and to pursue the great opportunities that await the euro and the people of Europe.”