Mário Centeno leaves Eurogroup and launches the call for candidates

  • ECO News
  • 9 June 2020

Centeno also said that he will start to call for candidates and outline the process for the election of a new president of the Eurogroup.

After being made known that Mário Centeno will no longer be Finance Minister, the Portuguese politician announces that he will now leave the Eurogroup presidency on July 13, the end of his term.

The call will be made on Thursday, when Centeno will also inform his Eurogroup colleagues of his decision not to stand for a second term. About a month before leaving the Eurogroup, on June 15, Centeno leaves the Finance Ministry in Portugal, giving way to João Leão, current Secretary of State for the Budget.

The departure of Centeno also implies the automatic dismissal of its Secretaries of State. The current secretary of state for finance, Ricardo Mourinho Félix, is expected to leave to assume the vice-presidency of the European Investment Bank (EIB), according to ECO. The new Finance team will take office next Monday, according to a note from the presidency.