Berlin wants Schaeuble to be next head of Eurogroup

German Chancellor Angela Merkel wants Wolfgang Schaeuble, the country's finance minister, to become the next head of the Eurogroup, a report said on Friday quoting unnamed sources.

“He (Schaeuble) holds the best cards at the moment,” the Financial Times Deutschland quoted a source as saying.

The Eurogroup, which consists of the euro area finance ministers, is currently headed by Luxembourg's Prime Minister Jean-Claude Juncker. His term ends in June.

Italian Prime Minister Mario Monti earlier this week doused speculation he was interested in the post.

Placing Schauble at the helm of the Eurogroup could meet resistance from Paris which is already wary of Germany's growing power inside the European Union, the German newspaper said.

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