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Thread: Jeroen Dijsselbloem returns tomorrow to the city that taught him blunt speaking and beagling.

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    Default Jeroen Dijsselbloem returns tomorrow to the city that taught him blunt speaking and beagling.

    The recently appointed head of the informal but powerful group of Finance Ministers of the 17 euro States hit the headlines with a bang lately when he was reported in the FT as indicating that what was done in Cyprus - taking money from bank depositors - was a template, something to be followed in future troubled States.

    Jeroen Dijsselbloem is the Dutch Fin Min. He spent a year studying at UCC. Informed sources suggest that the year taught him much about candour. Much of the reaction to his comments about Cyprus missed the fact that he was probably guilty only of speaking the truth.

    The Eurogroup is one of those bodies that seemed to emerge from nowhere. It was not based in the EU treaties. It has no formal constitution. Yet as a body it wields enormous power. A former head of one of the world's largest hedge funds talks of it being part of a shadow government, not directly accountable to the public yet exerting huge authority over them - or over their money.

    Mr Dijsselbloem has volunteered to subject himself to a 'moderated' question and answer session tomorrow in UCC.

    What do we need to know?

    PS The beagling bit may not be true.
    Last edited by He3; 10th April 2013 at 05:18 PM.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member stopdoingstuff's Avatar
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    Quote Originally Posted by He3 View Post
    What do we need to know?
    How to carve out stakes, where to buy garlic, and how many hours of direct sunlight Cork gets in April.
    Faoi mhóid bheith saor

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    Politics.ie Member Sync's Avatar
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    What power do they have outside that which has been individually granted to them by their national democratic governments? Specifically what "Enormous power" does it wield?

    Can you imagine any company in the world where the individual heads of finance would not have regular meetings to discuss progress/events?
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    Remember the FX response to his FT interview, and the rush release of a corrective statement by the Eurogroup?

    These lads' loose lips can sink a currency.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Quote Originally Posted by Sync View Post
    What power do they have outside that which has been individually granted to them by their national democratic governments? Specifically what "Enormous power" does it wield?

    Can you imagine any company in the world where the individual heads of finance would not have regular meetings to discuss progress/events?
    Can you imagine any company in the world where the heads of finance would get together and decide to rob it's customers life savings?

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    Politics.ie Member Dublin 4's Avatar
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    More Eurodoom OP's please He 3 - you've been of the Radar for a while...

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    Politics.ie Member The Field Marshal's Avatar
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    Quote Originally Posted by Sync View Post
    What power do they have outside that which has been individually granted to them by their national democratic governments? Specifically what "Enormous power" does it wield?

    Can you imagine any company in the world where the individual heads of finance would not have regular meetings to discuss progress/events?
    You remind me of the little boy with his finger in the dyke trying to stop the flood.
    He too was Dutch IMSMR.

    Eurozone Banking trust has effectively been dismantled by this loon Dijsselbloem and his henchmen.

    Thankfully their actions will complete the destruction of the divisive and failed euro currency project.
    Last edited by The Field Marshal; 10th April 2013 at 05:45 PM.
    Repeal the thirty-fourth amendment of the Irish constitution :
    Children have a basic right to be reared by a mother and a father.

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    Politics.ie Member Sync's Avatar
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    Quote Originally Posted by He3 View Post
    Remember the FX response to his FT interview, and the rush release of a corrective statement by the Eurogroup?

    These lads' loose lips can sink a currency.
    So you're confusing the words "Power" and "Influence". Warren Buffet saying he thinks Apple are crap could send their share price lower. That's his influence, not a direct result of an order he's given.

    So what power and authority does this group have (again, outside what's been given to them by individual elected governments)
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    Quote Originally Posted by Ribeye View Post
    Can you imagine any company in the world where the heads of finance would get together and decide to rob it's customers life savings?
    Well, yes...
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member Shpake's Avatar
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    From He3 The recently appointed head of the informal but powerful group of Finance Ministers of the 17 euro States hit the headlines with a bang lately when he was reported in the FT as indicating that what was done in Cyprus - taking money from bank depositors - was a template, something to be followed in future troubled States.
    Quote Originally Posted by Sync View Post
    So you're confusing the words "Power" and "Influence". Warren Buffet saying he thinks Apple are crap could send their share price lower. That's his influence, not a direct result of an order he's given.

    So what power and authority does this group have (again, outside what's been given to them by individual elected governments)
    A bit of imagination would be of the order of the day: These lads sit around the table, things like voting majorities are kind of on the slow burner, I'd imagine... it's all about who are the paymasters and who are the piigs... and then again they are all in the one boat so to speak. What power do they have? Formally none, but actually is it soft power only or do they consult a controversial point with their prime ministers who change it into hard power? It was Sarkozy I think, that made some comment about the Franco German alliance taking over the tiller during the crisis and calling the shots.
    "Well, OK. Fine. As long as it comes with a steady paycheck, I'd believe whatever they wanted me to believe, as the Guy in Ghostbusters said."

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