Schäuble should head Euro Group

Today's meeting of Eurozone finance ministers could reach a compromise on the successor to Jean-Claude Juncker as head of the Euro Group. According to media reports, a rotation model is in the offing whereby the German Finance Minister Wolfgang Schäuble and his French counterpart Pierre Moscovici would share the tasks. The left-liberal daily Der Standard believes Schäuble is the best candidate: "Of course there were reservations among certain partners right from the start. The most powerful finance minister in the Eurozone, the man who decides over the fate of the bailout fund, could not also act as chairman, they said. But it has also long been clear that France, the second-largest economy in the euro, would tip the scales. … As a rule the 'small' countries are the better mediators, even if they have less power. Nevertheless: so far no one has come up with an alternative to Schäuble. The German European from Freiburg would be a superb choice: physical proof that Germany fully backs the euro, so to speak.”

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