Luxembourg’s prime minister Jean-Claude Juncker is likely to stay on as the president of the Eurogroup, according to eurozone officials.
A formal decision is expected on Friday.
Juncker has led the council of eurozone finance ministers since 2005, on the frontline of efforts to tackle the crisis. His third term is about to expire.
However he has complained about his health suffering under the double workload of prime minister and Eurogroup head and there is speculation that he may not stay for a full fourth term.