The only remaining candidate in the race to lead the group of eurozone members is Lithuanian finance minister Rimantas Šadžius, who is unlikely to prove a challenge for Donohoe.
“Therefore, in an exercise of responsibility, the minister has decided to step aside to favor an election based on consensus,” the Spanish official said.
“The election process has been positive, and a widespread message has been conveyed about the need to strengthen the impact and effectiveness of the Eurogroup. Spain will continue to contribute constructively toward this objective, as it has done so far,” the official said.
