GDS @ Bloomfield College | Dijsselbloem will vacate the position in mid January
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Dijsselbloem will vacate the position in mid January

22 Apr Dijsselbloem will vacate the position in mid January

Slovakia’s Kazimir bids to chair euro zone finance ministers

BRUSSELS (Reuters) Slovak Finance Minister Peter Kazimir Canada Goose Outlet made a public bid on Monday to succeed Jeroen Dijsselbloem as the next chairman Canada Goose Jackets of euro zone finance ministers, canada goose store a key canada goose uk outlet post in euro zone economic policy making.

Slovakia’s Finance Minister Peter Kazimir attends the European Bank for Reconstruction and Development (EBRD) 2017 Annual Meeting and Business Forum in Nicosia, Cyprus May 10,2017. REUTERS/Yiannis Kourtoglou

Since it was created in 2005, the Eurogroup, which brings together the euro zone 19 finance ministers, has had only two presidents: Luxembourg Jean Claude Juncker, who served from 2005 to 2013, and former Dutch finance Canada Goose online minister Dijsselbloem. Dijsselbloem will vacate the position in mid January.

interested in becoming the chairman of the Eurogroup, but I not a candidate yet, Kazimir told reporters on entering the monthly uk canada goose outlet ministers canada goose coats talks, at which Dijsselbloem is to canadagoosejacketca describe the process of the appointment of cheap canada goose uk his canada goose successor.

Formal bids for the job, which involves chairing monthly meetings of ministers and participating canada goose factory sale in meetings of G7 financial leaders, will start in mid November and the new head of the Eurogroup will be chosen on Dec. 4.

Unlike in most other EU votes, where the canada goose clearance weight of a country Canada Goose sale vote depends on GDP and population, in choosing the Eurogroup president cheap Canada Goose each euro zone country has one vote only, meaning Germany has the same weight as tiny Malta or Luxembourg.

Luxembourg Finance Minister Pierre Gramegna also said in October that if buy canada goose jacket cheap other euro zone ministers were to support him, he would be ready to run for the job.

Both he and Kazimir are members of socialist parties, the same as Dijsselbloem, and come from relatively small euro zone countries an advantage in the eyes of those who are canada goose coats on sale wary of the dominance of France and Germany in policymaking.

IN SEARCH OF BALANCE Party affiliation and nationality is often important canadian goose jacket in the overall division of posts in European Union institutions which seek to strike a balance between representatives of the center left, center right and liberals and large and small countries.

Euro zone officials say that while not yet formally in the running, Canada Goose Online French Finance Minister Bruno Le Maire is very keen for the job and has been lobbying hard to garner support.

He will meet German officials in canada goose uk black friday Berlin on Wednesday to discuss the future of the euro zone and assess his own prospects of the post.

Euro zone officials, speaking on condition of anonymity, said Germany was cautious about Le Maire, but could trade its backing in return for Paris supporting a German, Jens Weidmann, as the next European Central buy canada goose jacket Bank head after Mario Draghi steps down in 2019.

Kazimir said the Canada Goose Coats On Sale candidate could also be chosen according to a new job Canada Goose Parka description, or profile, the uk canada goose ministers might decide on as part of a wider reform of euro zone canada goose clearance institutions and deeper integration of the single currency economies.

are theoretical possibilities to have a so called double canada goose clearance sale hat Eurogroup president or a permanent chair of the Eurogroup or as we used to until now, a sitting minister, Kazimir said.

The double hat role is promoted by the executive European Commission, because it assumes the Eurogroup chairmanship canada goose black friday sale would be combined with the position of a Commission vice president.

This is anathema to many euro zone countries, Germany in particular, because it would mean more control over national policies and funds by an already powerful EU institution.

The idea of a chair involves a five year term for an official chosen by the finance ministers, but who would not be a sitting finance minister him or canada goose uk shop herself, but devote all time to running the Eurogroup.