Eurozone members have begun two days of informal talks. They have a lot to discuss - from reforms of the way the euro area is run to risk-sharing mechanisms such as a proposed European Monetary Fund.
Mario Centeno has been elected as the new Eurogroup president, with the finance ministers praising him for his balancing act between growth and budget discipline that earned him a comparison with football star Ronaldo.
Greeks have long viewed the German finance minister as a symbol of failed austerity policies. But Athens is by no means joyful now that Wolfgang Schäuble is leaving after eight years in office, says Jannis Papadimitriou.
Ahead of crunch eurozone talks on Thursday, France's new finance minister, Bruno Le Maire, said a deal on debt relief for Greece was close. The issue has caused a rift among creditors, in particular Germany and the IMF.
In his State of the Union speech, European Commission President Juncker has praised the bloc for "bouncing back" after 10 years of crises. He has outlined bold proposals for the eurozone, trade and migration.
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