The eurozone must press ahead with much-needed political and economic reforms to make it more robust and resilient in future, the Eurogroup's new chief, Portugal's Mario Centeno, said on Friday.
Speaking at a ceremony in Paris to mark his assumption of the chair of the informal group of eurozone finance ministers, Centeno said the 19-member bloc had no time to loseRead more
Mario Centeno, who was Monday picked as Eurogroup chief, has pulled off a rare balancing act between growth and budgetary discipline as Portuguese finance minister, earning him a comparison with football star Ronaldo.
The 50-year-old economics professor who is often called a liberal but sees himself “culturally of the left” accedes to the top post among eurozone finance ministers afterRead more
Portugal approved its growth and stability program at a cabinet meeting on Thursday, with Finance Minister Mario Centeno positive that it will be approved by Brussels.
The growth and stability program, the country's long-term budget plan for the next few years by 2020, is based on a prudent scenario, he said at a press conference following the meeting.
Centeno confirmedRead more