Mario Centeno, the incoming president of the Eurogroup, underlined his vision for the region and said that "time and patience is of essence" to reform the euro zone.
The current finance minister of Portugal is taking over one of the most important positions in the euro zone on January 13. Among the many decisions that will face him over the next two-and-a-half years are the completion of the euro zone's banking union and restructuring the Greece's debt.
Speaking exclusively to CNBC in Lisbon, Centeno promised to bring a fresh approach to policymaking after years of austerity. "It's going to be two quite intense years, two and a half," he said about his mandate as Eurogroup chief. The Eurogroup is a regular meeting of the finance ministers of the 19 countries that share the euro.
"It's not really a change on being pro or against austerity, it's understanding that the supply response that we got from the reforms now need to be matched, with some demand response and Europe is in a very good position to do it," he added.