Thursday 17 April 2014
Advertise  |  Subscribe  |  Register  | 

Close

About cookies: we use cookies to support features like login and sharing articles. Keep cookies enabled to enjoy the full site experience. By browsing our site with cookies enabled, you are agreeing to their use. Review our cookies information for more details.

Dutch finance minister is Eurogroup front-runner

By Simon Taylor  -  20.12.2012 / 05:52 CET
Jeroen Dijsselbloem has support from France and Germany.

Jeroen Dijsselbloem, the Netherlands' finance minister, has emerged as the front-runner to become the next president of the Eurogroup, the meetings of eurozone finance ministers. Dijsselbloem, who became finance minister in November, has the implicit backing of the French and German governments as well as of Herman Van Rompuy, the president of the European Council. 

Eurozone finance ministers are planning to decide on the appointment at a meeting on 21 January. The new president will replace Jean-Claude Juncker, the prime minister of Luxembourg, who announced in December that he would step down at the end of this year. Juncker has been Eurogroup president since 1 January 2005.

Officials say that Dijsselbloem's lack of experience as a finance minister and slender background in economics count against him. Dijsselbloem trained as an agricultural engineer and has been active in education policy as a Dutch MP. It was only in the context of the new Dutch coalition government of the liberal VVD and the centre-left PvdA this autumn that he acquired his ministerial role. But the lack of serious rivals for the position puts Dijsselbloem in a strong position despite his limited credentials. Wolfgang Schäuble, Germany's finance minister, and Pierre Moscovici, his French counterpart, have been mentioned as possible candidates but do not have adequate support from other eurozone governments.

Olli Rehn, the European commissioner for economic and monetary affairs and the euro, said on Tuesday (18 December) that he was not a candidate for the presidency.

The Eurogroup had considered appointing one of their female ministers as president, but officials say there were objections to the two possible candidates, Maria Fekter from Austria, who is seen as too abrasive, and Jutta Urpilainen from Finland, who is not highly regarded by her peers.

© 2014 European Voice. All rights reserved.
Varrow

Most viewed in Economics

Austerity is not working

Daniel Gros is right when he writes that structural reforms imposed by the ‘troika' have led to no real improvement in Greece (“What makes Greece special”, 13-19 March).

Deal reached on banking union

Compromise on bank resolution fund should bolster confidence in EU banking sector.

Euro sihn train

Germany signals some support for UK over EU reform

Finance ministers call for safeguards for member states outside the eurozone.

Finance ministers

Related articles

Draghi may cut interest rates to negative levels.

Finance ministers and central bank governors meeting in Washington over the weekend sounded a cautiously upbeat note about the eurozone economy.

The banking union will harden the divides between the north and south and the core and periphery.

Money bolsters government ahead of European elections and in dealings with troika.

Draghi defends decision not to take action, says governing council talked about quantitative easing.

Advertisement

Comments

 

Your comment
Please note: The fields followed by an asterisk (*) are obligatory fields

Comment*

Name*
E-mail*
Website

Please, copy the code on the left into the box on the right

 I accept the Terms & conditions
 I would like to share my e-mail & website

Advertisement

Cookies info | Privacy policy | Terms & conditions