MNI BRIEF: Donohoe Secures Third Eurogroup Term

Irish Finance Minister Paschal Donohoe has been re-elected as chair of the Eurogroup of Euro Area finance ministers for a third two-and-a-half-year term.

His two challengers for the role - Spanish Economy Minister Carlos Cuerpo and Lithuanian Finance Minister Rimantas Sadzius - withdrew their candidacies ahead of an otherwise necessary election. (See MNI: Spanish Eurogroup Bid Undermined By BBVA, NATO - Sources)