Germany's Schaeuble seen as next Eurogroup chief: report

10th September 2011, Comments 0 comments

German Finance Minister Wolfgang Schaeuble is widely seen as a likely successor to Luxembourg's Jean-Claude Juncker as the head of the Eurogroup of finance ministers, a news report said Saturday.

"When names are mentioned, most of the time, the name of German Schaeuble comes up (...) If he wants it, he will get it," German news magazine Focus said quoting diplomats.

Schaeuble, who will be 69 next week, is considered a potential candidate to take over from Juncker in January and is seen as a favourite in the negotiations" about a successor, Focus added.

"Wolfgang Schaeuble is certainly someone who is perfectly appropriate," the magazine quoted Markus Ferber, parliamentary leader of the ultra-conservative CSU junior partner in Angela Merkel's centre-right coalition government, as saying.

"Germany should lead politically if a culture of stability is to prevail in all of Europe," Ferber added.

Non-German diplomats quoted by the magazine also said it was likely that a German would be appointed to take over the Eurogroup, a meeting of the finance ministers of the 17-member eurozone, the EU member states which have adopted the euro as their official currency.

© 2011 AFP

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