Eurogroup urgently seeks new head France's Pierre Moscovici has emerged as a candidate to become the new chairman of the Eurogroup as Jean-Claude Juncker confirmed he will step down at the end of the year. Some see Moscovici as the front runner. The man himself said he was "surprised and flattered" to be considered a potential candidate, but would not be drawn on his chances. Juncker's announcement that he would no longer preside over the influential monthly council of finance ministers means policymakers have less than a month to agree on a successor. German Finance Minister Wolfgang Schaeuble is also in the frame, but the fact that there are general elections in Germany next autumn might scupper that idea. More about: Eurogroup, France, Jean-Claude Juncker