'Mr Euro' post runs into opposition

Plans to create a permanent head of the eurogroup - the council of finance ministers from the 12 euro countries - may run into opposition from Austria, reports the FT.

The post - inevitably dubbed "Mr Euro" - was foreseen in the new European Constitution, but ministers would like to pre-empt the ratification of this Treaty and install a permanent President as soon as possible.

"Mr Euro" would represent the euro zone at international gatherings such as the G7 meeting of leading i...