Mr Donohue has strongly criticised deficits and increases in government spending.
He also opposes a potential EU digital sales tax on tech titans such as Amaon, which Ms Calvino vocally supported. Ireland hosts the European operations for some of Silicon Valley’s biggest players due to its low taxes.
Mr Donohue said: “I’m deeply conscious that the citizens of Europe are looking at where their national economies now stand, are looking at the European economy, and have become concerned, have become fearful again for their futures, for their jobs and for their incomes.
“As great as the challenges are, and I know how deep they are, I am absolutely confident that with my colleagues in the Eurogroup, with our governments, we have the ability and we have laid the foundations to overcome these challenges and to prevail.”
Ireland has captured a string of senior Brussels roles after forging alliances with the Baltic and so-called Benelux countries of Belgium, the Netherlands, and Luxembourg in the aftermath of Brexit.
Former Irish central bank governor Philip Lane is now chief economist at the European Central Bank, while Dublin’s former environment minister Phil Hogan is the European trade commissioner.