Jeroen Dijsselbloem

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His Excellency
Jeroen Dijsselbloem
Jeroen Dijsselbloem 2013-1.jpg
Jeroen Dijsselbloem in 2013
Minister of Finance
Incumbent
Assumed office
5 November 2012
Prime Minister Mark Rutte
Preceded by Jan Kees de Jager
Leader of the Labour Party in the House of Representatives
Acting
In office
20 February 2012 – 20 March 2012
Preceded by Job Cohen
Succeeded by Diederik Samsom
Personal details
Born Jeroen René Victor Anton Dijsselbloem
(1966-03-29) 29 March 1966 (age 49)
Eindhoven, Netherlands
Political party Labour Party
Children 1 son
1 daughter
Alma mater Wageningen University
Religion None[citation needed]
(prev. Roman Catholicism)
Website Government website

Jeroen René Victor Anton Dijsselbloem (Dutch: [jəˈrun rəˈneː ˈvɪktɔr ˈɑntɔn ˈdɛi̯səlblum]; born 29 March 1966) is a Dutch politician of the Labour Party (PvdA). He has been 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[edit]

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.[1]

Dijsselbloem went to a Roman Catholic primary school in Son en Breugel and the Roman Catholic secondary school Eckartcollege (1978–1985) in Eindhoven.[1] He studied agricultural economics at Wageningen University (1985–1991), majoring in business economics, agricultural policy, and social and economic history,[2] for which he received his academic degree of ingenieur in 1991,[1] which is equivalent to a Master of Science degree. Dijsselbloem did research in business economics at the University College Cork (1991) in Ireland,[1] but he did not receive a degree from this university.[3][4]

Politics[edit]

In 1985, Dijsselbloem became a member of the Dutch Labour Party (PvdA).[1]

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.[1]

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.

Jeroen Dijsselbloem in May 2012

Since 15 November 2012, Dijsselbloem is the Minister of Finance in the Cabinet Rutte II.[5][6] 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.[7][8]

On 1 February 2013, he nationalized the financial institution SNS Reaal, preventing its bankruptcy.[9] 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.[10]

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."[11]

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,[12] but on March 26 2013 contradicted himself, and said Cyprus was not a template.[13]

Personal[edit]

Jeroen Dijsselbloem and his partner on Prinsjesdag in 2014

Dijsselbloem is not married. He and his partner live together in Wageningen. He has a son and a daughter.[1]

References[edit]

  1. ^ a b c d e f g (Dutch) Ir. J.R.V.A. (Jeroen) Dijsselbloem, Parlement & Politiek. Retrieved on 2013-02-03.
  2. ^ Jeroen Dijsselbloem, President of the Eurogroup, Eurozone Portal, 2013. Retrieved on 2013-04-04.
  3. ^ (Greek) Οι ...μέθοδοι χρηματοδότησης Ιρλανδικών γαλακτοκομείων του κ. Ντάισελμπλουμ, Kathimerini, 31 March 2013. Retrieved on 2013-04-01.
  4. ^ Dutch Finance Minister amends Cork University degree error,Irish Independent, 14 April 2013. Retrieved on 2015-02-01.
  5. ^ (Dutch) 'Alle ministers zijn nu bekend', NOS, October 28, 2012
  6. ^ (Dutch) Rutte II: 'alle namen van het nieuwe kabinet', RTL, October 25, 2012
  7. ^ Juncker hints Dijsselbloem will replace him as Eurogroup chief, Europolitics.info, 10 January 2013
  8. ^ Jeroen Dijsselbloem, a tough chairman for the Eurogroup, Presseurop.eu, 21 January 2013
  9. ^ David Jolly & Jack Ewing, Dutch Government Takes Control of SNS Reaal, New York Times, 2013. Retrieved on 2013-02-03.
  10. ^ "Les Pays-Bas nationalisent la quatrième banque du pays". lexpress.fr (in French). 
  11. ^ 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.
  12. ^ Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief, The Telegraph. Retrieved on 2014-3-3.
  13. ^ Cyprus Program Isn’t Template for Euro-Area Rescues, EU Says, Bloomberg. Retrieved on 2014-3-3.

External links[edit]

Party political offices
Preceded by
Job Cohen
Leader of the Labour Party
in the House of Representatives
Acting

2012
Succeeded by
Diederik Samsom
Political offices
Preceded by
Jan Kees de Jager
Minister of Finance
2012–present
Incumbent
Diplomatic posts
Preceded by
Jean-Claude Juncker
President of the Eurogroup
2013–present
Incumbent