Spain's economy minister launches bid to lead Eurogroup
MADRID, June 27 (Reuters) - Spanish Economy Minister Carlos Cuerpo has launched his candidacy to preside over the Eurogroup, an informal body of euro zone finance and economy ministers, a ministry spokesperson said on Friday.
Cuerpo will seek to "revitalise" the Eurogroup, the spokesperson said in a statement.
"The euro area requires urgent and decisive action to strengthen our economic union and enhance the global role of the euro, all while maintaining fiscal and financial stability," the statement added.
If picked to lead the Eurogroup, Cuerpo intends to push reforms such as the protracted savings and investment union, as well as strategic investments.
The current Eurogroup president is Irish Finance Minister Paschal Donohoe, whose second two-and-a-half year term started in January 2023.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
12 minutes ago
- The Independent
Watch: Dutch queen appears to pull face while meeting Trump
Queen Maxima of the Netherlands appeared to subtly mimic Donald Trump 's mannerisms during a meeting at the Nato summit in The Hague. The moment, which took place on 27 June, quickly went viral after a video showed her making a brief expression as Trump smiled. Standing beside her husband, King Willem-Alexander, and the US president, Maxima's gesture sparked a flurry of online reactions—some praising her subtlety, others calling it inappropriate. The incident unfolded as Trump met with European leaders following amid the ongoing conflict between Iran and Israel.
The Independent
27 minutes ago
- The Independent
New cabin baggage rules on the cards
The European Parliament 's transport and tourism committee has voted to mandate airlines to allow passengers two pieces of cabin baggage, a personal item and small hand luggage, without additional fees. This initiative aims to prevent budget airlines from imposing "unjustified extra costs" on travellers who currently face charges for larger cabin bags or are limited to one small personal item. Budget airlines, including Wizz Air and Ryanair, oppose the proposal, arguing it would increase costs for millions, slow down boarding processes, and undermine their low-cost operational models due to limited aircraft space. The proposal will proceed to a full vote by the European Parliament, followed by "trilogue" negotiations involving the Council and Commission, indicating a lengthy process before potential implementation. While some airlines like British Airways and Jet2 already offer more generous cabin baggage allowances, a new EU law could lead to harmonised baggage rules across European flights, impacting many UK-EU routes operated by EU carriers.
BBC News
31 minutes ago
- BBC News
More squad depth needed at Newcastle
Despite the enormous resources of their Saudi owners, Newcastle's ambitions have been hamstrung by profit and sustainability regulations. Their only signing so far this summer has been 18-year-old winger Antonio Cordero, who has joined on a free after spending last season in the Spanish second tier with for the Champions League means there is a little more room in the Magpies finances, which is just as well since new blood is needed to cope with the increased workload. Last season, Newcastle used just 24 players in the Premier League, the joint second lowest total in the top flight. When they last competed in Europe in 2023-24, injuries and fatigue eventually caught up with them and a run of six defeats in seven league games over the winter torpedoed their season. With Sven Botman only able to start 21 top-flight matches in the past two years, a new centre-back may be a priority. Last summer, Crystal Palace rebuffed a move move for Marc Guehi, but he is entering the final 12 months of his contract so could be available for a sensible price. If they are beaten to the punch by Liverpool, Atalanta's 21-year-old Giorgio Scalvini has been mooted as an alternative. The 6ft 4in tall Italy international is highly rated but has barely played in the last year because of knee and shoulder injuries, so would represent a calculated Murphy enjoyed an outstanding campaign in 2024-25, with his tally of 12 Premier League assists bettered only by Mohamed Salah, but an additional option is required on the right wing.
