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 meetings of euro-area finance ministers since 2005.

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