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The finance ministers from the 19 countries that use the euro are in the process of deciding who should lead their discussions.

The decision of who will be president of the so-called eurogroup is expected later Monday, with Portugal’s Mario Centeno widely tipped to succeed Dutchman Jeroen Dijsselbloem–who has held the post for nearly five years.

Dijsselbloem was at the helm during an extremely volatile period for the eurozone largely centring on cash-strapped Greece.

Whoever gets the presidency will inherit a eurozone in far better shape than the one that existed during Dijsselbloem’s tenure. The eurozone economy is growing strongly while worries over Greece’s future in the single currency bloc have subsided and the country is poised to exit its bailout era next summer.

Read: Eurozone economy grows 2.5% in Q3

Also read:

Global growth up, but won’t last long: OECD

Global growth makes way for equities exposure

Originally published on Advisor.ca
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