Archive · 18 Nov 2025
Paschal Donohoe Resigns as Irish Finance Minister and Eurogroup President
Paschal Donohoe, who has been the Irish finance minister and Eurogroup President for a long time, is leaving these jobs to work at the World Bank.
This is a big change for the Irish government because he is one of their most experienced ministers.
Paschal Donohoe will resign as Irish finance minister and Eurogroup President
He will take up a role at the World Bank as managing director and chief knowledge officer
His resignation is a surprise and leaves the coalition government without one of its most experienced members
Donohoe has been finance chief since 2017 and was re-elected as Eurogroup President in July for a term due to last two-and-a-half years
He is expected to resign formally later on Tuesday
- Who
- Paschal Donohoe
- What
- Resigns as Irish finance minister and Eurogroup President
- When
- Tuesday
- Where
- Ireland
- Why
- To take up a role at the World Bank
Supporters of Donohoe's Policies
Advocates for Change in Finance Ministry
Budget Surpluses
Supporters of Donohoe's Policies
Donohoe's cautious approach to budget surpluses, focusing on moderating spending increases.
Advocates for Change in Finance Ministry
Critics argue for larger tax cuts and public spending increases.
- Previous Role
- Irish Finance Minister and Eurogroup President
- New Role
- Managing Director and Chief Knowledge Officer at the World Bank
- Tenure as Finance Minister
- Since 2017
- Expected Resignation Date
- Later on Tuesday