Juncker Will Stay as Head of Eurogroup, WirtschaftsWoche Reports

Jean-Claude Juncker will remain head of the euro area group of finance ministers as Germany’s Wolfgang Schaeuble is no longer interested in the position, WirtschaftsWoche reported, without saying where it got the information.

Juncker’s extension clears the way for Luxembourg’s central bank governor Yves Mersch to join the executive board of the European Central Bank, the report said.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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