Ireland set for 3rd term as Eurogroup head after Paschal Donohoe ‘elected by consensus' as Trump delays tariff deadline
It comes after the
The Finance Minister was the only candidate for the role after the Spanish and Lithuanian nominees withdrew shortly before the vote.
His new term will start on Sunday.
Tanaiste
Read more in News
'The renewal of his mandate for a third term reflects the confidence and trust of his European colleagues and is a source of great pride for the
He added: 'Paschal has brought clarity, integrity and a deep commitment to European cooperation during his two terms, guiding the Eurogroup through a period marked by economic uncertainty and global challenges.
'His pragmatic and consensus-driven approach has strengthened the Eurogroup's role in promoting stability, sustainable growth, and sound economic governance across the euro area.
'I'm so proud that one of our own will continue to play such a central role in shaping the economic direction of the Eurozone. I want to wish him every success as he continues this important work.'
Most read in Irish News
In a statement, Minister Donohoe said he was 'very grateful to my fellow ministers for the trust they have placed in me to continue leading our important work for a third term'.
He said: 'In the face of significant geopolitical changes, the euro area has proven to be very resilient.
Finance Minister Paschal Donohoe breaks down Trump tariff impacts on Irish
'It will be my task to further strengthen our common currency area and facilitate tangible progress on our key work streams during this next mandate - from budgetary coordination to the Capital Markets Union, and from the digital euro to the Banking Union.'
In his candidacy letter, Mr Donohoe said the global economy is 'at a pivotal juncture'.
He added: 'We now have the opportunity to overcome our differences, find compromises and make progress.'
Meanwhile, speaking after a phone call with European Commission President Ursula von der Leyen, Taoiseach
US President
Mr Martin also posted congratulations to Mr Donohoe on X.
He said: "Congratulations @Paschald on your re-election as President of the Eurogroup for a third term.
"An important and experienced voice for Europe at a time of global economic uncertainty."
1
Paschal Donohoe has been appointed President of the Eurogroup for a third time
Credit: Dursun Aydemir/Anadolu via Getty Images
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Post
an hour ago
- Business Post
JJ Rhatigan and Spanish firm launch legal battle against Department of Housing
Galway developer JJ Rhatigan and Spanish construction firm Obrascon Huarte Lain (OHLA ) have launched legal proceedings against housing minister James Browne and Dublin City ...
Dublin Live
an hour ago
- Dublin Live
Anti-immigration protest 'demands' access to Leinster House
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info A large anti-immigration protest has gathered outside Leinster House and are demanding to be allowed to address the chamber. The protest, organised by failed Kerry election candidate Michelle Keane, marched from the GPO. The front gates to Leinster House have been closed, with protesters gathering right up to where the vehicular entrance is. Workers in Leinster House were encouraged to remove their access badges when leaving the building and advised not to exit via the Kildare Street entrance. Ms Keane wrote to all TDs and Senators on Monday evening advising them of the protest and demanding that it be allowed into Leinster House. The letter called for 100 people to be let into Leinster House to address politicians. The letter read: "On Tuesday, July 8 2025, over 100 Irish citizens will march peacefully from the GPO to Leinster House under the banner 'The People's Right to Dissolve the Dail'. "We are writing to formally demand that you facilitate our entry into Dáil Éireann to allow representatives of the Irish people to speak directly before parliament. This is not a symbolic gesture - it is a democratic action grounded in the principle that: The Irish Government was established by the Irish people, and it can only be "disestablished or reformed by the Irish people. "As elected members of the Oireachtas, you have the power and duty to request access through the Superintendent of the Houses of the Oireachtas, and to stand with the people you were elected to serve. We ask that you do so without delay. "If the Dail is truly the house of the people, it must not be locked against them in their hour of national concern A refusal to allow a peaceful, constitutional address by citizens would be a direct violation of the spirit of the Republic, and an abdication of democratic responsibility. "Let history record where each member of the Oireachtas stood on this day. We respectfully demand your immediate action to ensure we may enter Leinster House and speak peacefully as citizens of Ireland - united across 32 counties, regardless of background or tradition, in one common goal: national renewal." On a livestream of the protest, Ms Keane told the crowd that they wanted "to do this peacefully". She added: "We are Irish citizens and we are not going to let ourselves down here today." She also suggested that a Garda had gone into Leinster House to ask the Superintendent to come out and speak to the crowd. A man could be heard on the video saying, "There are people ready to go through these gates." Barriers are usually set up around Leinster House when protests take place to push groups back onto Molesworth Street. However, no barriers were constructed on this occasion. Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.
Dublin Live
an hour ago
- Dublin Live
Irish EuroMillions winners all made same surprising decision after landing fortune
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info They say home is where the heart is but would this still be the case if you suddenly had tens of millions in your bank account? Perhaps that is a question the most recent Irish EuroMillions winner will have to ponder after they scooped a record-breaking €250million jackpot last month. The so far anonymous person has since made contact to the National Lottery to put the guessing game to bed. A spokesperson said: 'We are absolutely thrilled to have heard from our EuroMillions winner. At this point, our priority is to give them the necessary time and space to make arrangements and let this life-changing news sink in.' And while they let the news sink in, they may be seeking inspiration from previous winners who spoke on the record, to see how they managed their fortunes. With this in mind, below we look at three case studies who all decided to stay close to home with their new funds. Matt Rogers (Image: PA) Dublin farmer Matt Rogers was once the record holder after claiming an astonishing €175.4million on the EuroMillions in February 2019 alongside his eight siblings. But rather than let the money go to his head, Matt and his siblings cherished the simple things in life, and celebrated with a €12.50 carvery. Minted Matt, who treated himself to a Peugeot SUV, also decided to remain at home in the farmhouse in Naul where he grew up with his siblings. He had the site renovated, but while the work was being done, he lived in an outbuilding, despite being able to afford anywhere he wanted. Speaking about staying true to his roots, he told the Irish Sun: 'Things are perfect here. This is where I grew up. I have no intentions at all of moving. The green house keeps me busy.' He added: 'It all started with the original house. Eleven of us used to live in there. It was just a bare shell there. I have renovated it all and I'm happy with how it has turned out.' As for advice to the latest winner, he encouraged them to stay 'grounded' and that hopefully they 'enjoy the money' and it is 'well split up'. Dolores McNamara Dolores McNamara was once a part-time cleaner who was in her local pub in Limerick, The Track Bar, when she learned her lucky lottery numbers had made her €115million richer 20 years ago this month. (Image: PA) And similar to Matt, Dolores felt no great desire to move to the Bahamas. Instead she bought a property in neighbouring County Clare. The extravagant Lough Derg Hall set her back €1.75m and proving that home really is where the heart is, she even bought six houses in the Limerick area for her six children. However, staying local after winning an incredible amount of cash had dark consequences, and Dolores, now 64, had to buy 24/7 security at her home. This was because of kidnapping threats and her son, his partner, and their child had to relocate to a private location after a sinister plot where a local gang were reportedly planning an abduction. Despite celebrating the 20th anniversary of her win this month, she has only given one newspaper interview, and she once told the Limerick Leader: 'The question that has been asked of me most frequently was how I felt about my win and my answer is still the same - I feel disbelief and shock. Buying a ticket for that Euro jackpot was a spur of the moment decision. I'd actually gone into the shop to buy a top-up for my phone and just asked the lady for a Lotto ticket.' Margaret Loughrey In Northern Ireland we have the poignant case of Margaret Loughrey, from Strabane, who won £27million (approx €31m) in 2013. (Image: BBC) She was 48, divorced and had just been to the job centre when she purchased a Lucky Dip EuroMillions ticket, a decision she later said 'destroyed' her life. She was living off £71 a week at the time in her modest two-bedroom bungalow, and this is where she ended up passing away eight years later. Despite struggling to cope with the money, she demonstrated her generosity in various ways in her local community, where she decided to remain. Margaret used her winnings to renovate a dilapidated property and to build a £1million home beside her bungalow. However, she eventually returned to her simpler bungalow, with her brother suggesting the new home, resembling a fantasy from Grand Designs, was overwhelming for her. And that is where her family say she died of natural causes following an illness in 2021. (Image: GOOGLE MAPS) But before her untimely death, Margaret served her community, and reportedly covered the funeral costs for a financially struggling family while also funding medical procedures for other locals. And Grainne Dunne, from Knockavoe School, said Margaret made a big donation to help the children with special needs there. Grainne added: 'She came to see us a couple of years ago and soon after we received a very substantial donation. She was a modest woman.' A worker at New Horizons, which supports adults with intellectual disabilities, also said they had been given a 'substantial sum' from Margaret who also gave her siblings £1m each. And councillor Paul Gallagher, who was a neighbour of hers, said after her death: ' Covid has put a mighty strain on charities. She had her troubles but Margaret has helped with the survival of these groups and those benefits will be felt for a long, long time to come.'
