The Dutch finance minister, Jeroen Dijsselbloem, has been chosen as the new head of the group of euro finance ministers.
Dijsselbloem, 46, who has been finance minister only since November, will now face one of the world's most daunting financial tasks - helping lead the group of 17 European Union countries that use the euro back to financial stability.
Dijsselbloem replaces Jean-Claude Juncker, the Prime Minister of Luxembourg, who has had the job for eight years.
The Dutchman was elected Monday evening by the eurozone finance ministers at a meeting in Brussels.
Some EU officials believe they have turned the corner in fighting the crisis threatening the region. But challenges remain, including a bailout for Cyprus, creating an EU banking union, and growing opposition to austerity in some eurozone countries.