Mário Centeno was elected Minister of Finance for the Year 2019 in Europe by The Banker, a publication of the Financial Times group.
Portuguese Finance Minister Mário Centeno received the distinction of Minister of Finance of the year 2019 in Europe by the publication The Banker, which belongs to the prestigious Financial Times newspaper.
The Portuguese official also accumulates the functions of president of the Eurogroup, which includes all the finance ministers of the Euro Zone
“Portuguese Finance Minister Mário Centeno can look back on his first 12 months as Eurogroup president with the satisfaction he deserves. The marathon of negotiations involving the Eurozone finance ministers in early December ended with the most significant reforms for the bloc since the sovereign debt crisis. The agreement has been reached on a number of issues around the prevention and management of future financial crises, “it read in the publication.
The publication distinguishes this year will face “two even greater challenges“: the banking union and the credibility of the European project.
The publication highlights the improvement of a number of indicators, such as the unemployment rate and the improvement of the Gross Domestic Product (GDP) estimated by the Organization for Economic Co-operation and Development (OECD).