Saturday, April 25, 2015

Spain will bid to chair the Eurogroup, challenges … – Reuters

By Robin Emmott

RIGA (Reuters) – Spain submitted in the coming weeks leaders EU his candidacy for president of the Eurogroup meetings managers Eurozone Finance said on Saturday the Spanish economy minister and candidate, Luis de Guindos.

The post, which outlines key policies in the block of the single currency, is wanted for some time by Madrid to balance what Spain sees as a loss of influence in the European Union. It is now in the hands of the Dutch Minister of Finance Jeroen Dijsselbloem and although his term expires in July, is highly respected and has said he would like to continue.

“It’s very simple. The Prime Minister will present the candidacy of Spain and believe we have a good chance (…) we support, “de Guindos told a news conference after a meeting of finance ministers from the eurozone in the capital of Latvia.

De Guindos is government minister since conservative President Mariano Rajoy took office in late 2011, and is credited having led Spain to economic recovery after the crisis in the eurozone between 2009 and 2014.

German Chancellor Angela Merkel, preeminent leader in Europe, publicly backed De Guindos last year and called it” an excellent Minister of Economy in difficult times “.

Dijsselbloem struggled early in his term of two years and a half he faced criticism for his handling of the rescue in Cyprus where initially small savers he said, although the measures finally applied only to the wealthy.

But since then, Dijsselbloem has impressed ministers with their management of tense talks with Greece and is considered to have mastered the complex agenda. He is considered a man who speaks clearly and can build compromises and solutions.

A Minister of Finance of the euro area was initially skeptical Dijsselbloem told Reuters in Riga now fully supported the Dutch. Continued …

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