Eurozone finance ministers have been meeting in Brussels to discuss insolvency frameworks in the wake of an Italian bank bailout. But as Germany calls for greater discipline, other countries are asking it to loosen its purse strings.
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.
Eurogroup chairman Jeroen Dijsselbloem has come under increasing pressure over comments he made about debt-ridden nations playing fast and loose with their money. Italy and Portugal have called for his resignation.
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.
German Finance Minister Wolfgang Schäuble, a seasoned stickler, is bidding farewell after eight years. Though anyone in the EU looking forward to a future of more debt may be cheering too soon, writes Bernd Riegert.
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