|Minister of Finance|
5 November 2012
|Prime Minister||Mark Rutte|
|Preceded by||Jan Kees de Jager|
|Parliamentary leader of the Labour Party in the House of Representatives|
20 February 2012 – 20 March 2012
|Preceded by||Job Cohen|
|Succeeded by||Diederik Samsom|
|Member of the House of Representatives|
20 November 2002 – 5 November 2012
|Member of the House of Representatives|
28 March 2000 – 23 May 2002
|Born||Jeroen René Victor Anton Dijsselbloem
29 March 1966
|Political party||Labour Party|
|Children||1 son and 1 daughter|
|Alma mater||Wageningen University|
|Website||Ministry of Finance|
Jeroen René Victor Anton Dijsselbloem (Dutch pronunciation: [jəˈrun ˈdɛi̯səlblum]) (born 29 March 1966) is a Dutch politician of the Labour Party (PvdA). He is the Minister of Finance in the Cabinet Rutte II since 5 November 2012, the president of the Eurogroup since 21 January 2013, and president of the Board of Governors of the European Stability Mechanism (ESM) since 11 February 2013.
Dijsselbloem studied agricultural economics at Wageningen University (1985–1991). He served as member of the municipal council of Wageningen (1994–1997) and as member of the House of Representatives of the Netherlands (2000–2002; 2002–2012). In 2007, he led a parliamentary inquiry on education reform.
Early life and education
Jeroen René Victor Anton Dijsselbloem was born on 29 March 1966 in Eindhoven, Netherlands. His parents both worked in education, his father as an English teacher and his mother as schoolteacher. He was raised Roman Catholic.
Dijsselbloem went to the Roman Catholic primary school in Son en Breugel and the Roman Catholic secondary school Eckartcollege (1978–1985) in Eindhoven. He studied agricultural economics at Wageningen University (1985–1991), majoring in business economics, agricultural policy, and social and economic history, for which he received his academic degree of ingenieur in 1991, which is equivalent to a Master of Science degree. Dijsselbloem did his master's research in business economics abroad at the University College Cork (1991) in Ireland, but did not receive his degree from this university.
From 1993 to 1996 he worked for the parliamentary group of the Labour Party. From 1994 to 1996 he was a member of the municipal council of Wageningen. From 1996 to 2000 he worked at the Ministry of Agriculture, Nature and Fishery under Minister Jozias van Aartsen and State Secretary Geke Faber.
From 2000 to 2012, Dijsselbloem was a member of parliament for the Labour Party, with a brief interruption after the 2002 general elections where the Labour Party suffered a major defeat. In 2007, he led a parliamentary inquiry on education reform. He focused on matters of youth care, special education and teachers. Following the resignation of Job Cohen as party leader and parliamentary leader of the Labour Party in the House of Representatives on 20 February 2012, Dijsselbloem became the interim parliamentary leader, serving until 20 March 2012 when Diederik Samsom was elected as the next Party leader of the Labour Party.
Since 15 November 2012, Dijsselbloem is the Minister of Finance in the Cabinet Rutte II. Since 21 January 2013, he is also the president of the Eurogroup, a meeting of the finance ministers of the Eurozone, those member states of the European Union (EU) which have adopted the Euro as their official currency.
On 1 February 2013, he nationalized the financial institution SNS Reaal, preventing its bankruptcy. Shareholders and owners of subordinated debt are expropriated with no compensation and others banks of the country have to contribute to the takeover up to one billion euros.
In March 2013, Dijsselbloem took a lead in the negotiation, conclusion and subsequent public promotion of the "Cyprus bail-in". He attracted criticism for the precedent of taking depositors' balances as part of bank rescues but said "I’m pretty confident that the markets will see this as a sensible, very concentrated and direct approach instead of a more general approach…It will force all financial institutions, as well as investors, to think about the risks they are taking on because they will now have to realise that it may also hurt them."
He said on or about March 24 2013 to the Financial Times and Reuters that the Cyprus bail-in was a template for resolution of a bankruptcy, but on March 26 2013 contradicted himself, and said Cyprus was not a template. On June 27 2013 the Eurogroup agreed that investors and wealthy savers would share the costs of future bank failures.
- (Dutch) Ir. J.R.V.A. (Jeroen) Dijsselbloem, Parlement & Politiek. Retrieved on 2013-02-03.
- Jeroen Dijsselbloem, President of the Eurogroup, Eurozone Portal, 2013. Retrieved on 2013-04-04.
- (Greek) Οι ...μέθοδοι χρηματοδότησης Ιρλανδικών γαλακτοκομείων του κ. Ντάισελμπλουμ, Kathimerini, 31 March 2013. Retrieved on 2013-04-01.
- (Dutch) 'Alle ministers zijn nu bekend', NOS, October 28, 2012
- (Dutch) Rutte II: 'alle namen van het nieuwe kabinet', RTL, October 25, 2012
- Juncker hints Dijsselbloem will replace him as Eurogroup chief, Europolitics.info, 10 January 2013
- Jeroen Dijsselbloem, a tough chairman for the Eurogroup, Presseurop.eu, 21 January 2013
- David Jolly & Jack Ewing, Dutch Government Takes Control of SNS Reaal, New York Times, 2013. Retrieved on 2013-02-03.
- (French) «Les Pays-Bas nationalisent la quatrième banque du pays», L'expansion avec AFP, 1 février 2013, http://lexpansion.lexpress.fr/entreprise/les-pays-bas-nationalisent-la-quatrieme-banque-du-pays_370953.html
- Murphy, Paul, "Dijsselbloem, do remember that careless talk costs lives ...*", Financial Times Alphaville blog, March 25, 2013. The footnote to the headline read "*See classic Fougasse cartoons for an illustration of this point"; the ellipsis in the headline was completed with "... and it’s really about time it cost you your job.**"; and the second footnote read "**Though it’s unlikely that he’s going to lose it, so long as he has Germany’s support." The post was "[p]art of the A Cypriot Precedent series". Retrieved 2013-03-25.
- Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief, The Telegraph. Retrieved on 2014-3-3.
- Cyprus Program Isn’t Template for Euro-Area Rescues, EU Says, Bloomberg. Retrieved on 2014-3-3.
- Europe strikes deal to push cost of bank failure on investors, Reuters. Retrieved 2014-3-3.
|Wikimedia Commons has media related to Jeroen Dijsselbloem.|
- Jeroen Dijsselbloem, President of the Eurogroup at Eurozone Portal
- Jeroen Dijsselbloem at Government of the Netherlands website
|Party political offices|
|Parliamentary leader of the Labour Party
in the House of Representatives
Jan Kees de Jager
|Minister of Finance
|President of the Eurogroup