Posts tagged 'Jeroen Dijsselbloem'

Deal with failed banks the Dutch way: rely on the ECB, deposit insurance, and the public’s faith in the government

The irony police dropped by FT Alphaville on Tuesday. They asked us to reverse back to the last European bank bailout before Cyprus: the nationalisation of Dutch financial group SNS Reaal. The government of the Netherlands, complete with a finance minister by the name of Jeroen Dijsselbloem (have you heard of him?), used their freshly minted Intervention Act to expropriate the shareholders and subordinated bondholders in order to help finance the February 1st nationalisation. Read more

Dijsselbloem, do remember that careless talk costs lives…*

…and it’s really about time it cost you your job.**

The Eurogroup head was in triumphalist form on Monday, claiming direct credit for having sent Cyprus into a parallel eurozone (capital controls, economy obliterated). Clock the direct quotes in this interview with the FT’s Peter Spiegel and Reuters’ Luke BakerRead more