Ireland’s Paschal Donohoe was elected President of the Eurogroup, replacing Mário Centeno, by the 19 Finance Ministers of the euro area on Thursday 9 July.
His two-and-a-half-year term will begin on Monday 13 July.
Calling himself “deeply honoured”, Mr Donohoe promised to work with all his Eurogroup counterparts and take action to ‘ensure a fair and inclusive recovery” via Twitter. “The challenges are great, but we shall overcome them”, he said at a press conference.