BRUSSELS Euro zone finance ministers will discuss around the coming months whether or not Jeroen Dijsselbloem can total his expression as their chairman right after his bash lost heavily at the Dutch elections, placing in question its participation in the subsequent govt.
Dijsselbloem, whose expression as eurogroup chairman ends in January, is hugely regarded by the other eighteen euro zone finance ministers and by the European Union institutions. But his Labour bash endured major losses in parliamentary elections in the Netherlands final week.
Dijsselbloem stated odds that his bash will stay in the govt of liberal Mark Rutte right after talks on the coalition ended up “really trim”.
He stated that this would signify that he will not retain his publish as Dutch finance minister, but remaining his odds open on whether or not he will be capable to remain on as eurogroup chairman, at minimum till the stop of his mandate in January.
“My mandate operates till January. The formation of a new coalition govt in the Netherlands may acquire some months. No matter whether there is a gap in between the arrival of a new minister and the stop of my mandate is far too early to say,” Dijsselbloem stated, hinting at the possibility that coalition talks may final till subsequent yr.
Other finance ministers, like German Wolfgang Schaeuble, praised the get the job done of Dijsselbloem as head of the eurogroup, but fell brief of expressing whether or not he will remain till the stop of his mandate.
Spanish Finance Minister Luis De Guindos, who competed with Dijsselbloem for the eurogroup chair in 2015, stated he was not a prospect to change the Dutchman. But he stated principles on the eurogroup chairmanship ended up far too “obscure”.
The head of the highly effective informal group, which steers important negotiations this sort of as on the Greek bailout and countrywide budgets, has always been a sitting finance or economic minister.
The principles condition that a prospect for the chair must be a finance or economic minister but there is no clarification on what occurs if a sitting chair is no for a longer time holding that place of work in his personal region.
“I am heading to talk to my colleagues just one by just one to hear how they see this new scenario and how they see the foreseeable future of the presidency of the eurogroup,” Dijsselbloem stated.
In the for a longer time expression, there is talk of creating a whole-time eurogroup presidency with its personal workers, but that is not but agreed.
(Further reporting by Jan Strupczewski, Philip Blenkinsop and Tom Koerkemeier Modifying by Pritha Sarkar)