About: Mário Centeno

Economy & Jobs 12-06-2020

Centeno: Portugal today has a credible economic and budgetary policy

In his last interview as Portugal's finance minister, Mário Centeno, who is also the outgoing president of the Eurogroup, talked to the Portuguese broadcast RTP about his mandates, the relation with Prime Minister (PM) António Costa and the possibility of becoming the new governor of the Bank of Portugal.
Politics 12-06-2020

Tweets of the Week: Eurogroup Head, Statues Down, Brexit Cherry Picking

Speculation about Eurogroup top post, across the EU racist statues are toast, and Brexit is back like an unwelcome ghost.
Economy & Jobs 12-06-2020

Spain’s Calvino boasts ‘key role’ in Eurogroup to support her candidacy

Spain’s minister of Economy, Nadia Calviño highlighted her “key role” in preparing the Eurogroup response to the COVID-19 crisis, as the eurozone finance ministers will pick a new president in early July.
Economy & Jobs 09-06-2020

Mario Centeno quits Eurogroup post, Portuguese government

Portuguese Finance Minister Mário Centeno, the Eurogroup's president, has resigned from government, following a period of less than idyllic relations with Prime Minister António Costa, and will be replaced by state secretary for budget João Leão.
Economy & Jobs 08-05-2020

EU proposes scrapping usual conditions for ESM use in virus battle

The European Commission on Thursday (7 May) proposed scrapping the usual conditions for countries using the eurozone’s bailout fund as they try to revive their economies hit by the coronavirus epidemic. The proposal may make the fund more palatable for...
Economy & Jobs 22-04-2020

Charles Michel limits ambitions for virus teleconference summit

Differences among EU countries look set to stymie any major decisions on tackling the long-term economic impact of the crisis at a summit later this week. In a letter Tuesday inviting the 27 leaders to the videoconference, EU Council President...
Economy & Jobs 21-04-2020

Centeno: ‘The old books by which we governed are of no use in this period’

In an interview with the Portuguese newspaper Público, the President of the Eurogroup, Mário Centeno, shared some leads about the EU’s recovery plan. He believes that the new recovery plan should have its “own, appropriate and innovative funding mechanism”.
Economy & Jobs 25-03-2020

Eurogroup nearing agreement to use bailout fund against pandemic

Countries of the euro area are close to an agreement to use the European Stability Mechanism to provide credit lines of up to 2% of their GDP to tackle the consequences of the coronavirus COVID-19.
Economy & Jobs 16-03-2020

Eurogroup chief: EU living ‘war-like’ conditions, long struggle lies ahead

Eurogroup chief Mario Centeno warned on Monday (16 March) that under the coronavirus outbreak the European economy is experiencing the equivalent of a war, and that a long struggle lies ahead.
Economy & Jobs 16-03-2020

EU ministers hold videoconference to agree coordinated economic coronavirus response

European Union finance ministers plan to agree on Monday (16 March) on a coordinated economic response to the coronavirus pandemic, with the European Commission forecasting the effects of the virus could push the EU into a recession. The action would...
Economy & Jobs 04-03-2020

EU finance ministers hold fire on combating coronavirus

EU finance ministers promised on Wednesday (4 March) a coordinated response to address the economic impact of coronavirus but postponed any decision at least until their formal meeting in mid-March.
Economy & Jobs 18-02-2020

Eurozone ministers discuss fiscal boost options as coronavirus worries weigh

Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday (17 February), in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
Economy & Jobs 27-01-2020

Centeno: ‘I do see good reasons to support green investment under the fiscal rules’

Speaking to EURACTIV in Davos, Eurogroup President Mario Centeno remained hopeful about the eurozone's stalled reform process, saying there are “good reasons” to support ‘green’ investment as part of a broader review of EU fiscal rules due later this year.
Economy & Jobs 16-01-2020

In blow to Eurogroup head, EU Commission criticises Portugal’s budget

The European Commission said on Wednesday (15 January) that Portugal's draft budget for 2020 was at risk of breaking European Union fiscal rules because of insufficient progress in reducing its structural deficit.
Economic governance 13-12-2019

Costa and Centeno clash over euro budgetary instrument 

Tensions between Portuguese prime minister, Antonio Costa, and his finance minister and Eurogroup president, Mario Centeno erupted in front of EU leaders on Friday (13 December) as the two clashed over the design of the eurozone budgetary instrument .
05-12-2019

Eurogroup fails to move forward on eurozone reform

EU finance ministers failed to reach an agreement on Wednesday (4 December) on the reform of the EU's bailout fund and move to political discussions on the European Deposit Insurance Scheme ahead of the Euro summit next week.
Economy & Jobs 19-11-2019

Merkel ignores calls for bigger fiscal stimulus

German chancellor Angela Merkel resisted calls to increase public spending as pressure continues to grow from her country and abroad to avoid the austerity that worsened the euro crisis.
Economy & Jobs 12-03-2019

Eurogroup keeps anti-shock capacity for eurozone budget off the table

Eurogroup president Mario Centeno said late on Monday (11 March) that the future eurozone budget would not include a stabilisation function, despite insistance by France and a handful of other countries to broaden its scope.
Economic governance 20-11-2018

Italy’s revised budget ‘did not dispel concerns’, Eurogroup president says

Italy’s slightly modified budget might not get the green light from the European Commission, the president of the Eurogroup, Mario Centeno, told the Parliament’s Economic and Monetary Affairs Committee on Tuesday (20 November), raising the likelihood of an excessive deficit...
Economy & Jobs 20-08-2018

Commitments have to be respected, EU tells Greece

Greece will now be “a normal country” but the reforms and the ambitious fiscal targets agreed with its lenders must be respected,  the Commissioner for economic affairs, Pierre Moscovici, said on Monday, the day the Hellenic nation exited its bailout programme.
Economy & Jobs 26-06-2018

‘Differences’ persist on eurozone budget ahead of key EU summit

Eurogroup head Mário Centeno warned Monday (25 June) of differing opinions towards a plan by France and Germany to establish a eurozone budget, ahead of a key EU summit to discuss the matter.
Economy & Jobs 25-05-2018

Eurozone to decide terms of Greek bailout exit, debt relief in June

Eurozone finance ministers will decide next month on all measures, including further debt relief, needed for Greece to exit its bailout successfully, their chairman said on Thursday (24 May).
Economy & Jobs 14-03-2018

Portuguese PM: eurozone needs fiscal leg for stability, growth

The eurozone will never reach its full potential and may face a new crisis in the future without a fiscal capacity, Portugal's Prime Minister Antonio Costa told the European Parliament on Wednesday (14 March).
Economy & Jobs 14-03-2018

Europe’s reform push faces reality check

The impulse to bolster the eurozone, sparked by Emmanuel Macron’s victory in France almost one year ago, is losing its vigour as political instability persists and a group of countries have solidified their opposition to bold changes.
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