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Europe Live Saturday 25th May 2013

Wolfgang Schäuble, next President of the Eurogroup?

19th March 2012

German Chancellor Angela Merkel has put her Finance Minister, Wolfgang Schäuble, forward to take over as head of the Eurogroup after the departure of Luxemburger Jean-Claude Juncker according to the Financial Times Deutschland published on 16th March. The final decision may be postponed until after the presidential election in France in May according to the newspaper. French President Nicolas Sarkozy has still not given his go-ahead fearing that "the German position will become too powerful" according to sources close to Eurogroup quoted by the Financial Times Deutschland.

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