Political career
Following the 2013 general election in which he had not taken part,Gramegna was a surprise appointment to the Bettel Government as the Minister for Finances. He joined the Democratic Party shortly before being sworn in. Gramegna had been previously mostly known for his lobbyist work for the business community as well his promotional activities outside of Luxembourg in his capacity as director general of the Luxembourg Chamber of Commerce. [3]
In November 2017,Gramegna submitted his formal application for succeeding Jeroen Dijsselbloem as the next chairman of the Eurogroup; [4] [5] in the vote,he lost in the second round to Mário Centeno. [6] [7] In 2020,he was again nominated by his government for that role,this time competing against Nadia Calviño and Paschal Donohoe. [8]
In 2022,Gramegna became Luxembourg’s nominee to succeed Klaus Regling as Managing Director of the European Stability Mechanism; [9] [10] his candidacy was later endorsed by the German government. [11] The nomination process narrowed to Gramegna and João Leão,but both pulled out in September 2022 having failed to secure the votes required. [12] By November,Italy and France gave up their opposition to Gramegna, [13] and he was voted by the Board to become the next managing director. [14]
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