FF not prepared to make way for outgoing Minister for Finance to retain his role as Eurogroup chair
Minister for Finance Paschal Donohoe is highly respected in the commission and is widely seen as having done a good job in the Eurogroup. But he is not in Jean Claude Juncker’s league. Photograph: Niall CarsonIf Paschal Donohoe wishes to stay as head of the Eurogroup, the influential group of finance ministers from the countries that use the single currency, then he will have to campaign for it in Brussels, not in Dublin.
It is clear now that Donohoe will not remain as minister for finance after the December changeover in the Taoiseach’s office, and the subsequent reshuffle. Both Taoiseach Micheál Martin and Minister for Public Expenditure Michael McGrath – widely expected to become minister for finance in December – have made that clear in recent days, with McGrath firmly shutting the door over the weekend.
Nor will Donohoe be Ireland’s nominee to the Eurogroup if he is made – also generally expected – minister for public expenditure in the December reshuffle. EU sources always thought this outcome unlikely unless there was a wholesale redesign of the responsibilities of the two ministers, and that was never really on the cards.
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