Economics
As Schaeuble Bids Adieu, Euro Area Prepares to Turn the Page
- German finance minister poised to step down in October
- Jeroen Dijsselbloem to leave as Eurogroup head by January
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Euro-area finance ministers gathering in Luxembourg on Monday bade farewell to Germany’s Wolfgang Schaeuble with a signed European Union flag.
Schaeuble, 75, one of the main protagonists of the bloc’s biggest existential drama, will become head of the German parliament’s lower house at the end of October. His departure comes as Dutch finance minister Jeroen Dijsselbloem of the Netherlands, who has been chairing the meetings of his euro-area counterparts since 2013, is also set to leave by January at the latest.