Paschal Donohoe is an Irish politician and a senior member of the Fine Gael party. He has held several high-profile ministerial positions in Ireland, most notably serving as the country's Minister for Finance. Since July 2020, he has also served as the President of the Eurogroup, a key role that involves chairing meetings of finance ministers from the eurozone countries.
His career is notable for his long-standing influence in Irish and European economic policy. His leadership of the Eurogroup placed him at the center of financial decision-making for the common currency area, overseeing discussions on fiscal stability and economic coordination among member states.
Recently, Paschal Donohoe has been in the news due to a significant career transition. According to multiple media reports in November 2025, he has resigned from his positions as Ireland's Finance Minister and President of the Eurogroup. The reports indicate his departure from Irish politics is to accept a senior posting at the World Bank.
This move marks the end of his tenure in Irish government and his influential role in European finance. The development has drawn attention due to the high-level nature of the international appointment and its implications for the succession plans for his key positions in Ireland and the Eurogroup.
Latest related news
- Paschal Donohoe’s pay will shoot up to around €600,000 at the World Bank, but he’s been linked to much bigger jobs in the past - The Irish Independent 2025-11-18 22:13 · The Irish Independent
- Ireland's Eurogroup chief resigns to take World Bank post - MSN 2025-11-18 22:11 · MSN
- Donohoe exits Irish politics for senior position at World Bank - The Irish Times 2025-11-18 22:03 · The Irish Times
- Donohoe quits as Irish Finance Minister for World Bank job - Ireland Live 2025-11-18 21:56 · Ireland Live
- Ireland’s Paschal Donohoe to step down as Eurogroup president - Eunews 2025-11-18 21:49 · Eunews
- Ireland’s Donohoe to Exit Government for World Bank - Bloomberg.com 2025-11-18 21:29 · Bloomberg.com
- ‘Departing public life’ — Paschal Donohoe confirms resignation ‘effective immediately’ - Extra.ie 2025-11-18 21:24 · Extra.ie
- From IMF whispers to Eurogroup triumphs – the highs and lows of Paschal Donohoe’s career in politics - The Irish Independent 2025-11-18 21:23 · The Irish Independent
- Finance Minister Paschal Donohoe resigns for role with World Bank - The Irish Independent 2025-11-18 21:23 · The Irish Independent
- Ireland's Donohoe resigns as finance minister and Eurogroup chief to join World Bank - Reuters 2025-11-18 21:18 · Reuters