Eurogroup Chief Quits For World Bank

The 51-year-old took the helm in 2020 at the informal Eurogroup, whose chief carries weight in Brussels policy-making.

By Channels television

Updated November 18, 2025

President of Eurogroup, Paschal Donohoe waves as he arrives for a roundtable session on the second and last day of a European Union summit, at the EU headquarters in Brussels, on October 27, 2023. Pascal Donohoe, head of the EU’s Eurogroup panel of finance ministers, quit on November 18, 2025 to take up a senior job at the World Bank.

Pascal Donohoe, head of the Eurogroup panel of eurozone finance ministers, quit Tuesday to take up a senior job at the World Bank, his spokesperson told AFP.

Ireland’s finance minister, who announced his resignation to cabinet ministers in Dublin, will become managing director at the Washington-based World Bank, they added.

The 51-year-old took the helm in 2020 at the informal Eurogroup, whose chief carries weight in Brussels policy-making.

AFP