Day: July 11, 2020

EU Powers Suffer Shock Defeat as Irish Take Key Finance Job

(Bloomberg) — The euro region’s smallest nations staged an uprising to put one of their own in charge of finance ministers’ meetings and strike a blow against the bloc’s major powers. Ireland’s Paschal Donohoe won a secret ballot of 19 colleagues Thursday to become president of the Eurogroup, defeating the Spanish favorite, Nadia Calvino, who