Four candidates vying for Eurogroup presidency

Óõíåäñßáóç ôïõ Eurogroup ôçí ÐÝìðôç 14 Éáíïõáñßïõ 2016, óôéò ÂñõîÝëëåò. (EUROKINISSI/ÅÕÑÙÐÁÚÊÇ ÅÍÙÓÇ)

Latvia’s Dana Reizniece-Ozola, Portugal’s Mario Centeno, Slovakia’s Peter Kazimir and Luxembourg’s Pierre Gramegna will run for the presidency of the Eurogroup, the European Council said in a press release on Thursday.

The decision will be taken by a simple majority vote among the Eurogroup members on Monday (Dec. 4). If none of the candidates receives at least 10 of the 19 votes by the Eurogroup members at the end of the first voting round, each candidate will be informed individually of the number of votes that he/she has received. Candidates will then have the opportunity to withdraw their application. Voting will take place until a simple majority is reached on one of the candidates.

The winner will be announced to the ministers at the end of the vote and presented at the Eurogroup press conference, immediately afterwards. The new president will succeed Jeroen Dijsselbloem once his mandate expires on 13 January 2018, for a period of 2.5 years