It was decided Monday night that Juncker will now step down by 'early next year'. "The mandate is for two and a half years but he will only serve for part of that," an EU source said.
Juncker, who has held the post since 2005, was due to step down in exactly one week, on July 17.
Finding a successor has been tricky, with the most likely new candidate, German Finance Minister Wolfgang Schaeuble, running into French opposition.
Juncker favoured handing over the post but agreed under French pressure to remain another six months on condition that the head of the Luxembourg central bank, Yves Mersch, should take a vacant board seat at the European Central Bank.
Read more: Luxembourg's Juncker to remain as head of Eurogroup - RTÉ News
No comments:
Post a Comment