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Eurogroup chief faces heavy flak over Cyprus deal

March 26, 2013 10:01
Two months into the job as head of eurozone finance ministers, Jeroen Dijsselbloem's handling of the Cyprus bailout and his suggestion it might apply elsewhere have sparked sharp questions over the Dutchman's readiness for the post. The 43-year-old Dijsselbloem was on the rack Tuesday after controversial decisions to wind up Laiki (Popular Bank) and to hit large depositors at Bank of Cyprus with hefty losses in a re-negotiated rescue deal reached early Monday.

Dijsselbloem wants risk of bank bailout pushed to investors

March 25, 2013 14:02
Jeroen Dijsselbloem, who chairs eurozone finance ministers, called for the risk of bank bailouts to be pushed from the taxpayer to private investors in an interview to the Financial Times. "Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach," the Dutch finance minister who is president of the Eurogroup said a day after a bailout deal with Cyprus that is likely to turn the island's finance-focused economy on its head.

After Cyprus, eurozone faces tough bank regime - Eurogroup head

March 25, 2013 11:00
By Luke Baker BRUSSELS (Reuters) - A rescue programme agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems and other countries may have to restructure their banking sectors, the head of the region's finance ministers said. "What we've done last night is what I call pushing back the risks," Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of euro zone finance ministers, told Reuters and the Financial Times hours after the Cyprus deal was struck.

Cyprus deal puts 'end to uncertainty': Dijsselbloem

March 24, 2013 22:45
Eurozone head Jeroen Dijsselbloem said Monday that a deadline-day deal to resurrect a Cyprus bailout brought to a close 10 days of uncertainty. "We've put an end to the uncertainty that affected Cyprus and the euro area over the last few days," Dutch Finance Minister Dijsselbloem said. He was "convinced this is a much better deal" than the one to raid all savings accounts, which unravelled last weekend, he added.

URGENT ¥¥¥ Cyprus deal puts 'end to uncertainty': Dijsselbloem

March 24, 2013 22:16
Eurozone head Jeroen Dijsselbloem said Monday that a deadline-day deal to resurrect a Cyprus bailout brought to a close 10 days of uncertainty. "We've put an end to the uncertainty that affected Cyprus and the euro area over the last few days," Dutch Finance Minister Dijsselbloem said. He was "convinced this is a much better deal" than the one to raid all savings accounts, which unravelled last weekend, he added. rt/jj

Eurogroup chief Dijsselbloem presses Italy on reforms

February 26, 2013 12:16
Eurogroup chief Jeroen Dijsselbloem on Tuesday pressed Italy to stick to budget cuts and reform commitments, but stressed there was "no rejoicing" after results of Italian polls seen as crucial for the eurozone. "I assume the Italian government, no matter how it may be composed, will stick to its European commitments," said Dutch Finance Minister Dijsselbloem, who took over the key eurozone finance ministers' forum from Jean-Claude Junker in January.

New Eurogroup chief Dijsselbloem passes first test: analysts

February 1, 2013 11:45
New Eurogroup chief and Dutch Finance Minister Jeroen Dijsselbloem passed his first test on Friday by saving his country's fourth-biggest bank, setting an example in Europe of how the banking crisis should be handled, analysts said. Dijsselbloem announced the state was to nationalise SNS Reaal at a cost of 3.7 billion euros ($5 billion) after a deadline to find an alternative solution to bail out the troubled banker expired late on Thursday.

New Eurogroup chief Dijsselbloem pass first test: analysts

February 1, 2013 11:15
New Eurogroup chief and Dutch Finance Minister Jeroen Dijsselbloem passed his first test on Friday by saving his country's fourth-biggest bank, setting an example in Europe of how the banking crisis should be handled, analysts said. Dijsselbloem announced the state was to nationalise SNS Reaal at a cost of 3.7 billion euros ($5 billion) after a deadline to find an alternative solution to bail out the troubled banker expired late on Thursday.
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