The President of the European Council, Charles Michel, wrote this Tuesday on his Twitter page a thanks to Mário Centeno for the work done in the Eurogroup, after having been announced that the Portuguese will cease to be Minister of Finance of Portugal and, consequently, president of the group that brings together the strongmen of Finance of the Member States of the European Union (EU).
“Thanks Mário Centeno for the good work as president of the Eurogroup and for the excellent cooperation. The Eurogroup must continue to prepare the ground for a strong economic recovery. Covid-19 paralyzed the economy, but accelerated the EU's determination to recover for the better, ”wrote the Belgian politician.
Thank you @mariofcenteno for your hard work as Eurogroup President and for the excellent cooperation.
- Charles Michel (@eucopresident) June 9, 2020
This Tuesday was announced the dismissal of Mário Centeno as holder of the portfolio of Finance in Portugal. According to a note published on the website of the Presidency of the Republic, Marcelo Rebelo de Sousa received from the Prime Minister, António Costa, “the proposals for dismissal, at the request of the Minister of State and Finance, professor Dr. Mário Centeno, and for appointment , instead of Professor João Leão ”.
Marcelo Rebelo de Sousa “accepted the proposals”. To replace the resigning minister, the current secretary of state for the budget, João Leão, was appointed. João Leão's inauguration, as the new finance minister of Portugal, takes place on Monday, June 15th.
As the Minister of Finance, Mário Centeno has also been the president of the Eurogroup since December 2017, when he was elected by his peers in Brussels. But since he is leaving Finance, Mário Centeno will also stop being the president of the Eurogroup.
Also on Twitter, Centeno announced which ends the current term on June 13. “My term as president of the Eurogroup ends on 13 July 2020. On Thursday, I will inform my colleagues in the Eurogroup of my decision not to pursue a second term, as until 15 June I will step down as minister of the Portugal's Finance, ”he wrote.
My tenure as Eurogroup President will end on 13 July 2020. On Thursday, I will inform my Eurogroup colleagues of my decision not to seek a second mandate, as by 15 June I will step down as finance minister of Portugal. pic.twitter.com/UZ3IU4EmYB
- Mario Centeno (@mariofcenteno) June 9, 2020
On Thursday, the president will formally inform the members of the Eurogroup of his departure. The race for the presidency of the informal group of finance ministers of the 19 of the single currency formally starts.