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Mr Juncker has served as Eurogroup chairman for five years (Photo: European Commission)

Luxembourg leader set to extend euro zone reign

Luxembourg's Prime Minister, Jean-Claude Juncker, looks set to receive a fresh mandate under Lisbon Treaty rules as head of the 16-nation group that shares the euro currency.

"We all agreed that in January the Eurogroup president (chairman) will be elected for two and a half years," Mr Juncker told a news conference after a meeting of euro area finance ministers on Tuesday (1 December).

The Lisbon Treaty – a new EU rulebook that started on 1 December - brings about a number of in...

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Mr Juncker has served as Eurogroup chairman for five years (Photo: European Commission)

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