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Europe Daily Bulletin No. 11139

26 August 2014
ECONOMY - FINANCE - BUSINESS / (ae) euro
Merkel backs De Guindos as new Eurogroup head

Brussels, 25/08/2014 (Agence Europe) - Germany backs the official candidacy of Spanish economy minister Luis De Guindos to become the new head of the Eurogroup.

“As far as the question of the future Eurogroup head is concerned, once the current president's term expires, we will support the candidacy of Mr de Guindos”, said German Chancellor Angela Merkel in Santiago de Compostella on Monday 25 August after a meeting with the Spanish prime minister, according to a Bloomberg report.

The...