Juncker, right, with potential successor Pierre Moscovici, France's finance minister
Jean-Claude Juncker, the Luxembourg prime minister who heads the eurogroup of finance ministers, set off another round of speculation about his potential successor Monday night when he reiterated that he wanted to step down from the job either by the end of the year or early next year.
Senior officials who should know about leading candidates insist nobody has emerged as a clear front-runner to take over the post, despite Juncker’s Shermanesque declaration. But that hasn’t stopped the guessing game. The criteria are unhelpfully vague. The latest EU treaty basically says that anyone with a pulse can hold the job:
The Ministers of the Member States whose currency is the euro shall elect a president for two and a half years, by a majority of those Member States.
But after two days of gossiping in the halls, here is the sum total of what Brussels Blog has gleaned on the topic, boiled down to three groups of candidates. Read more
Eurogroup contenders Juncker, left, and Schäuble
Although the financial markets and many non-Europeans will be watching Friday’s gathering of eurozone finance ministers in Copenhagen to find out how much they will enlarge Europe’s rescue fund, the Brussels echo chamber will be watching for another reason entirely: Just who will be getting three top jobs that must be filled by the time summer rolls around?
Up until the last day or two, the smart money was that Yves Mersch, head of Luxembourg’s central bank, would get the first job on offer – a coveted seat on the European Central Bank’s six-member executive board, taking away a post originally slated to go to a Spaniard, Antonio Sáinz de Vicuña.
But senior eurozone officials said the intense politicking that has occurred in the run up to Friday’s meeting has made Mersch’s appointment less certain. “It’s one of those things that could go one way or another,” said one person directly involved in the talks. “I wouldn’t bank on it yet.”
The politics get very complicated and are directly related to the re-election prospects of French president Nicolas Sarkozy. A detailed explanation of the convoluted twists after the jump… Read more
Maria Fekter, the Austrian finance minister, said what many of her colleagues appeared to be thinking when she turned up the pressure on Dominique Strauss-Kahn to resign as head of the International Monetary Fund. Read more
The euro will survive…for at least another year.
So proclaimed Jean-Claude Juncker, the Luxembourg prime minister and head of the euro group of countries, who announced Monday night that doubters of the currency’s future would be proven wrong in a year’s time. Read more
One of the unwritten rules of a financial panic seems to be that the more severe a crisis is, the more scripted and repetitive public officials become. Read more
The sun is shining in Brussels and the sky has an unseasonably blue, cloudless, late-November-in-Rome quality as European Union leaders make their way here for the summit of summits - the event where they will choose the EU’s first full-time president and new foreign policy chief. I wonder if the weather will be so fine when the leaders finally drag themselves away from the negotiating table after what is shaping up to be a night of relentless hard bargaining.
By general consent, the frontrunner is Herman Van Rompuy, the amiable, haiku-writing Belgian prime minister. Even a speech he gave in 2004 that reveals him to be an implacable opponent of Turkey’s entry into the EU (Turkey has been an official candidate for the past four years) doesn’t seem to be doing Van Rompuy any harm. Well, why should it? It fits in perfectly with the views of French President Nicolas Sarkozy and German Chancellor Angela Merkel. Read more
There can be few presidential campaigns that have kicked off with the declaration “I am not a dwarf”. But this is what Le Monde quotes Jean-Claude Juncker today as saying in the interview in which Luxembourg’s prime minister reveals he would consider being a candidate for the European Union’s presidency “if the call came”.
I have interviewed Juncker and seen him in action more than a few times over the years, and I can confirm that he is not a dwarf – though I have heard other disparaging terms applied to him that need not concern us here. What most interests me is the enormous gulf in perceptions of Juncker’s potential candidacy between the UK and certain mainland European countries. Read more