France supports Spanish candidate to head Eurogroup of finance ministers | Reuters | Business

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PARIS (Reuters) – France will support Spanish Minister of Economy Nadia Calvino for the presidency of the Eurogroup of euro area finance ministers, French Finance Minister Bruno Le Maire said on Thursday, a position taken up by the French Minister for Foreign Affairs Jean-Yves Le Drian.

“We support Nadia Calvino because she showed her skills at Eurogroup meetings in recent months, and we support her because we share with Spain the same desire to strengthen the integration of the euro zone” Le Maire told reporters.

On Thursday, after a bilateral meeting with his Spanish counterpart Arancha Gonzalez Laya, Le Drian said that the Eurogroup needed someone who could not only collect votes but also impose the necessary momentum.

“The Eurogroup is an essential tool in the period in which we are, and in particular in the period when we are reviving,” said Le Drian. ‚ÄúThis is the reason why France has determined who to support based on these parameters. ”

Spanish Laya thanked France for supporting Calvino’s candidacy.

“We greatly appreciate the support of the French Minister of Finance, Bruno Le Maire, for Calvino’s candidacy for the Eurogroup,” said Laya. “If, as everything seems to indicate, she is chosen this afternoon, Nadia Calvino’s mission will be to defend the European interest … with rigor and responsibility. ”

Eurozone finance ministers are expected to vote Thursday evening on the group’s presidency, for which Pascal Donohoe of Ireland and Pierre Gramegna of Luxembourg are also candidates. If Calvino wins, she will be the first female leader of the Eurogroup.

(Report by Leigh Thomas and Elisabeth Pineau in Paris and Clara-Laeila Laudette in Madrid; edited by Richard Lough, William Maclean)



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