New eurozone chief is unafraid to challenge convention – ABC News

Portugal’s Finance Minister Mario Centeno, left, shakes hands with president of the eurogroup Jeroen Dijsselbloem during a media conference after a meeting of eurozone finance ministers at the Europa building in Brussels on Monday, Dec. 4, 2017. The Eurogroup on Monday elected Portugal’s Finance Minister Mario Centeno as the new president of the Eurogroup. (AP Photo/Olivier Matthys)

Portugal was one of the four eurozone countries that had to be bailed out in the past few years. In 2011, it needed a 78 billion-euro ($93 billion) rescue when bond market investors balked at lending the country any more money given the weak state of its public finances.

Source: New eurozone chief is unafraid to challenge convention – ABC News