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Sunday, 9 December 2012 - German Finance minister doesn't rule out Eurogroup candidacy: paper |
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See the best of Reuters photography.  See more | Photo caption  Syria in ruins Images of a landscape devastated by war.  Slideshow  Gay marriage in America A look at the legal battles and the controversies over gay marriage.  Slideshow  Sponsored Links German Finance minister doesn't rule out Eurogroup candidacy: paper Tweet Share this Email Print Related News UPDATE 2-France's Moscovici says too early to talk Eurogroup job Fri, Dec 7 2012 Franco-German rift threatens EU banking union Tue, Dec 4 2012 Moscovici seen as candidate for Eurogroup job Tue, Dec 4 2012 HIGHLIGHTS-Comments from euro zone finance ministers, officials Mon, Dec 3 2012 German lawmakers approve Greek bailout despite qualms Fri, Nov 30 2012 Analysis & Opinion Calm after the storm What Greece’s latest debt deal might mean for Ireland and Portugal Related Topics World » German Finance Minister Wolfgang Schaeuble speaks during a news conference in Berlin November 27, 2012. Credit: Reuters/Thomas Peter BERLIN | Sun Dec 9, 2012 10:10am EST BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble declined to rule himself out as a candidate to replace Jean-Claude Juncker as chairman of euro zone finance ministers, in an interview published on Sunday. Juncker, Luxembourg's prime minister, said he would step down as Eurogroup chief at the end of this year or early next, leaving policymakers just four weeks to find a successor to fill a potential power vacuum. He has headed the group since 2005. Asked by Bild am Sonntag newspaper whether he or his French counterpart Pierre Moscovici would take over the job, Schaeuble replied, "in any case the new person has to drive European integration forward". The Eurogroup has taken or prepared key decisions during the bloc's debt crisis over the past three years, such as Greece's debt restructuring, the creation of euro zone emergency funds and bailouts of Ireland and Portugal. Juncker's mandate was initially set to expire in July, and at that time Schaeuble was widely seen as the front-runner to replace him, possibly as part of a deal with France on a rotating chairmanship which would later pass to Moscovici. But Juncker was persuaded to stay on a few more months to help manage the region's sovereign debt crisis. Moscovici said last week it was too early to speculate on his candidacy, but he also did not rule himself out. "The German government wants the candidate to come from the circle of finance ministers, and we have seen that it has proved very worthwhile when the chairman can mediate between different positions," Schaeuble told Bild am Sonntag. Diplomats have said the irascible Schaeuble, 70, has alienated colleagues in southern Europe and is not currently seen as a likely successor. Some have called for a government head, instead of a finance minister, to run the group. For many years, Juncker had both roles in Luxembourg, giving him clout in discussions. Juncker's double role created a convenient link between the euro zone's 17 finance ministers and its heads of state and government, who ultimately make the most important decisions. (Reporting by Alexandra Hudson; editing by Jane Baird) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) pbgd wrote:   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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