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Portugal scores again, landing Eurogroup presidency

Portuguese Finance Minister Mário Centeno became the new president of the Eurogroup on Monday (5 December), with a promise to bring consensus across the aisle to strengthen the eurozone.

Portuguese Finance Minister Mário Centeno became the new president of the Eurogroup on Monday (5 December), with a promise to bring consensus across the aisle to strengthen the eurozone.

Speaking to reporters after his election by the 19 finance ministers of the eurozone, the Harvard-educated economist portrayed himself as a consensus builder.

Centeno, described by former German Finance minister Wolfgang Schäuble as the ‘Cristiano Ronaldo’ of EU finance ministers, came first after several rounds of voting, ahead of Luxembourg’s Pierre Gramegna, Slovakia’s Peter Kazimir and Latvia’s Dana Reizniece-Ozola.

He will be the only Socialist among the holders of top EU presidencies.