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Juncker Says Ceding Euro Job Due to Franco-German Interference

Luxembourg Prime Minister Jean-Claude Juncker said he’s stepping down as head of the group of euro-area finance ministers because he’s tired of Franco-German interference in managing the region’s debt crisis.

“They act as if they are the only members of the group,” Juncker said today at a podium discussion in Hamburg. At the same time, Juncker said he’d “fully support” a potential candidacy of German Finance Minister Wolfgang Schaeuble to succeed him at the helm of the Eurogroup.