The move was agreed by Government party leaders last night and it will be formally approved by the Cabinet this morning, when Taoiseach Simon Harris presents the nomination to Government.
Mr Harris will stress the importance of sending someone of a high calibre to the European Commission.During his time as Minister for Finance over the last 18 months, Mr McGrath has represented Ireland at the Eurogroup and Economic and Financial Affairs Council. He has met regularly with EU Commissioners and the ECB President, and would therefore be well known in the European system.
Mr McGrath is also a governor on a range of international bodies on behalf of Ireland including the International Monetary Fund, the World Bank and the European Investment Bank. He is viewed as having a strong chance of landing a job in the top tier of economic commissioner roles.Those viewed as strong contenders for the post include Ministers of State Dara Calleary and Jack Chambers.
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