Ministers from the 12 countries that share the euro are on Monday discussing plans to create a president amongst them, inevitably dubbed "Mr. Euro," to represent the group at international level. This "Eurogroup Chairman" would also maintain contacts with the European Central Bank and remain in the post for two and a half years, chairing monthly meetings and providing a public face for the twelve member body. According to the Financial Times, Luxembourg prime minister Jean-Claude Juncker is favourite to be appointed to the new role. (EUobserver.com)