On Thursday 11 June, the Eurogroup initiated the procedure leading to the election, probably on 9 July, of a replacement for Mário Centeno as head of the informal body of euro area finance ministers for a two-and-a-half year term.
The candidate ministers - Spain's Nadia Calvinó, Luxembourg's Pierre Gramegna and Ireland's Paschal Donohoe - have until Thursday 25 June to officially apply.
“Candidates have to be ministers responsible for finance. The president is elected by a simple...