Donohoe Re-Elected as Eurogroup President

Paschal Donohoe of Ireland has been re-elected for a third term as president of the Eurogroup after Spain’s Carlos Cuerpo and Lithuania’s Rimantas Šadžius withdrew their candidacies to preserve consensus within the group. Donohoe, a member of the centre-right European People’s Party, secured unanimous support from all 20 eurozone finance ministers, including key backing from Germany and France. The Eurogroup, established in 1997, meets monthly in Brussels to coordinate economic policy among euro area countries. Donohoe will continue to focus on promoting economic growth, competitiveness, and integration across the eurozone. His presidency is set to last another two and a half years, ensuring continuity in eurozone economic leadership. The re-election aims to maintain unity and consensus within the group.