Donohoe Retains Eurogroup Role to Push Currency’s Ascendancy

Paschal Donohoe won reelection as president of the euro area’s group of finance ministers, retaining a leading role in the region’s efforts to enhance the profile of its common currency.

Rival bidders to head the Eurogroup, Carlos Cuerpo of Spain and Lithuania’s Rimantas Sadzius, pulled out of the race at the last minute, leaving the Irishman as the only candidate in Monday’s vote.

Paschal Donohoe

Photographer: Simon Wohlfahrt/Bloomberg

In a short statement confirming his reappointment, Donohoe pledged to push for tangible progress in issues ranging from budgetary coordination to capital markets and banking union, and setting up a digital currency.

“A stronger and ...