EU's Centeno to step down as Eurogroup President on July 13
|Chairman of Eurozone finance ministers (Eurogroup) Mario Centeno announced on Tuesday that he will be stepping down from his position on July 13th.
Centeno further noted that he will inform eurozone ministers on Thursday of the decision not to seek a second mandate and open a new election process.
Market reaction
The Euro Stoxx 50 Index edged slightly lower after this announcement and was last seen losing 1.4% on the day at 3,320 points. Meanwhile, the EUR/USD pair was posting small daily gains at 1.1300.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.