Juncker Says Eurogroup Succession Must Be Settled by End January

Luxembourg Prime Minister Jean- Claude Juncker said a decision on who will succeed him as chairman of euro-area finance ministers meetings will have to be taken by the end of January.

“I don’t expect a decision on this before the end of the year, because it was agreed I would still chair the eurogroup meeting in January, which will be mainly about Cyprus,” Juncker told reporters in Brussels today after attending a meeting of EU leaders. “A decision has to be taken by the end of January.”

Juncker, who was re-appointed to a new 30-month term as eurogroup chairman in July, has since said he will step down by early 2013. Juncker has chaired euro-area finance meetings since 2005.

To contact the reporter on this story: Stephanie Bodoni in Brussels at sbodoni@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.