Challenger emerges for Eurogroup presidency

Amsterdam

THE race for the Eurogroup presidency began on Friday with the Netherlands' Finance Minister Jeroen Dijsselbloem announcing that he will seek a second term and Spanish Economy Minister Luis de Guindos saying that he will mount a challenge.

The position, once little regarded, has grown in importance during Europe's debt crisis. The Eurogroup is the name given to meetings of all finance ministers of countries using the euro.

Mr Dijsselbloem has been the direct representative of eurozone governments in negotiations…