McGrath set to be nominated as European Commissioner

Minister for Finance Michael McGrath is set to be nominated as Ireland’s next European Commissioner.

The move was agreed by Government party leaders last night and it will be formally approved by the Cabinet this morning, when Taoiseach Simon Harris presents the nomination to Government.

Mr Harris will stress the importance of sending someone of a high calibre to the European Commission.

He will now work with Mr McGrath and the coalition leaders to secure the best possible portfolio.

During his time as Minister for Finance over the last 18 months, Mr McGrath has represented Ireland at the Eurogroup and Economic and Financial Affairs Council.

He has met regularly with EU Commissioners and the ECB President, and would therefore be well known in the European system.

Mr McGrath is also a governor on a range of international bodies on behalf of Ireland including the International Monetary Fund, the World Bank and the European Investment Bank.

He is viewed as having a strong chance of landing a job in the top tier of economic commissioner roles.

Mr McGrath’s replacement at the Department of Finance is expected to be announced today.

Those viewed as strong contenders for the post include Ministers of State Dara Calleary and Jack Chambers.

Read more: Rise of Michael McGrath the ‘essence of Fianna Fáil’