Italy backs the Portuguese Finance Minister Mario Centeno for the Presidency of the Eurogroup, Reuters reported on Wednesday citing a government source.
The candidacy of Pier Carlo Padoan is weak since the President of the European Central Bank, the President of the European Parliament, and the head of Europe’s External Action Service are Italian. Moreover, Italy is expected to go to the polls early next year and Padoan could find himself leaving the government.
Centeno is the minister of fina...

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