Belgium's Van Peteghem Faces Hurdle in Eurogroup Presidency Race

The Eurogroup, a powerful assembly of eurozone finance ministers, is seeking a new president following Paschal Donohoes unexpected resignation. Belgian Deputy Prime Minister Vincent Van Peteghem is the leading candidate, but his bid faces challenges due to Belgiums reservations about using frozen Russian assets for Ukraines reparations loan. This vacancy also impacts the upcoming race for European Central Bank seats and could lead to other countries, like Greece and Spain, putting forward their own candidates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.