Paschal Donohoe has been re-elected for a third term as head of the Eurogroup, becoming the only candidate after his rivals withdrew.

Irish Finance Minister Paschal Donohoe has been reconfirmed as leader of the Eurogroup for a third term, after the finance ministers of Spain and Lithuania withdrew from the race. Donohoe, 50, took the helm of the Eurogroup in 2020, with the role of coordinating fiscal policy in the eurozone, which brings together finance and economy ministers from member states.