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Juncker to remain as Eurogroup chief until end of 2012

Other News Materials 10 July 2012 05:45 (UTC +04:00)

Luxembourg Prime Minister Jean-Claude Juncker will continue serving as president of the Eurogroup panel of eurozone finance ministers until the end of 2012, the ministers agreed early Tuesday, according to diplomats, dpa reported.

A deal was struck to appoint Klaus Regling, a German national, as manager of the new eurozone rescue fund, the European Stability Mechanism.

Regling already oversees the currency bloc's temporary bailout fund, the European Financial Stability Facility.

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