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Business

Luxembourg PM Juncker could give up Eurogroup chairmanship

Text by NEWS WIRES

Latest update : 2009-06-04

Luxembourg's PM Jean-Claude Juncker announced he would likely pass the national finance ministry to a party colleague, a move that would require him to give up the post of Eurogroup chairman he has held since 2005.

AFP - Luxembourg's prime minister Jean-Claude Juncker intends to give up the finance portfolio he also holds in government, and therefore the chair of the Eurogroup, a newspaper reported on Thursday.

If voters re-elect Juncker's Christian Social People's Party (CSV) on Sunday "the post of finance minister will pass from Jean-Claude Juncker to (Treasury and Budget Minister) Luc Frieden," the Luxemburger Wort daily reported.

Juncker made the announcement at an electoral rally in Luxembourg town on Wednesday.

The Luxembourg prime minister was handed a third term as chairman of the 16-nation Eurogroup, an informal grouping of finance ministers from the 16 nations which share the euro currency, in September 2008.

Giving up the national finance ministry would also mean giving up the Eurogroup role he has held since 2005.

Juncker's spokesman Guy Schuller refused to comment on the report, saying it was not his role as "it is the candidate Jean-Claude Juncker who will comment."

However a CSV official confirmed that Juncker expressed the wish to give up the finance role in comments he made late Wednesday.

 

Date created : 2009-06-04

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