18th Mar 2018

Dutch elections raise questions on Eurogroup's chair

  • Would Dijsselbloem remain Eurogroup president after losing his job as Ducth finance minister? (Photo: The Council of the European Union)

After his Labour party's substantial defeat in Wednesday's Dutch elections, Jeroen Dijsselbloem could stand to lose his finance minister portfolio but stay on as president of the Eurogroup.

The issue may be raised at Monday's meeting (20 March) of the eurozone finance ministers. EU officials and ministers are suggesting nobody would push Dijsselbloem out, at least for now.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

  • Slovakia's Peter Kasimir would probably be a candidate if Dijsselbloem was to quit. (Photo: Council of the EU)

Negotiations for the next Dutch government have not started and could take weeks, or months, as a multi-party coalition will have to be found.

At least four parties or more are needed to form a majority coalition of 76 seats.

While it seems politically feasible to make a core of centre-right Liberals, together with the centre-right Christian-Democrats and the centrist pro-EU D66 party – 71 of 150 seats, the real challenge is finding a party to fill the gap.

The only scenario in which Dijsselbloem, elected as an MP, would return as finance minister would be in a grand coalition of the Liberals, Christian-Democrats, D66, and Labour.

But with only 9 seats, down from 29 in the outgoing parliament, the Labour Party will not be the first partner the Liberals will try to find. And, after 4.5 years in coalition with the Liberals that ended in a resounding defeat, Labour might prefer reinventing itself in opposition.

As long as a government is not formed, an EU official pointed out, "Dijsselbloem stays as caretaker minister".

Dijsselbloem has been finance minister since 2012. He was elected Eurogroup president in 2013 and renewed in July 2015. His 2.5-year mandate ends in January 2018.

According to the rules of the Eurogroup, an informal EU body, "a candidate needs to be minister of finance", the EU official said, suggesting that the principle would not apply to Dijsselbloem, who is already in place.

"That has no impact on the continued presidency of Jeroen Dijsselbloem," the official added.

Spanish finance minister Luis de Guindos was the candidate against Dijsselbloem in 2015. He declined to say on Thursday whether he would try to run for the post again.

"We have a president of the Eurogroup and he is the Dutch minister of finance, I will not anticipate events," De Guindos told journalists in Madrid.

He insisted that talks of Dijsselbloem leaving his position were "speculation", which he would not entertain "for the moment".

'Global balance'

A member of the centre-right European People's Party (EPP), De Guindos would, however, face difficulties becoming Eurogroup president.

After the election of EPP's Antonio Tajani as European Parliament president to succeed Martin Schulz, the Eurogroup presidency is the last top EU post held by the Party of European Socialists (PES), with the head of the EU diplomacy held by Federica Mogherini.

"There is a global balance, in which one element of the puzzle has changed [political] colour," French finance minister Michel Sapin noted after the parliament election in January.

He said that the new post held by the EPP - along with the European Commission and Council presidency - "tilted the sharing of responsibilities on one side" and that it would be "an important element" to take into account when choosing a new Eurogroup chair.

A serious contender hailing from the PES would be Slovakia's Peter Kazimir.

In January, when asked about the possibility that Dijsselbloem might not remain finance minister after the Dutch election, Kazimir quipped: "Jeroen the first is still alive. It's not polite to raise the issue."

'Continuity and stability'

Kazimir said that Dijsselbloem was doing "an excellent job inside and outside" and that "he should stay, no matter the Dutch election outcome".

"We need continuity and stability," he added.

But sources said that if Dijsselbloem was to quit, Kazimir would probably be a candidate. Although a Socialist, he is one of the most hawkish ministers on the Greek crisis and would be acceptable to his right-wing colleagues.

With the Greek bailout still under way and currently stuck in difficult negotiations, as well as upcoming elections in France and Germany - the eurozone's two main countries - coming this spring and autumn, it is unlikely that Dijsselbloem's colleagues will ask him to leave before the end of his mandate.

Ultimately, the decision could be Dijsselbloem's, once he leaves his ministry for good.

Greece and creditors break bailout deadlock

Athens agreed on budget cuts worth up to €3.6 billion and extracted some concessions from creditors, but the IMF warned the package might not be enough.

Eurozone chief in 'drinks and women' row

[Updated] The Netherlands' Jeroen Dijsselbloem faces calls for resignation after saying that crisis-hit countries in southern Europe spent "money on drinks and women" before being helped by others.

News in Brief

  1. Sweden emerges as possible US-North Korean summit host
  2. Google accused of paying academics backing its policies
  3. New interior minister: 'Islam doesn't belong to Germany'
  4. Hamburg 'dieselgate' driver wins case to get new VW car
  5. Slovak deputy PM asked to form new government
  6. US, Germany, France condemn 'assault on UK sovereignty'
  7. MEPs accept Amsterdam as seat for EU medicines agency
  8. Auditors: EU farm 'simplification' made subsidies more complex

Stakeholders' Highlights

  1. Counter BalanceConmtroversial Turkish Azerbaijani Gas Pipeline Gets Major EU Loan
  2. World VisionSyria’s Children ‘At Risk of Never Fully Recovering', New Study Finds
  3. Macedonian Human Rights MovementMeets with US Congress Member to Denounce Anti-Macedonian Name Negotiations
  4. Martens CentreEuropean Defence Union: Time to Aim High?
  5. UNESDAWatch UNESDA’s President Toast Its 60th Anniversary Year
  6. AJC Transatlantic InstituteAJC Condemns MEP Ana Gomes’s Anti-Semitic Remark, Calls for Disciplinary Action
  7. EPSUEU Commissioners Deny 9.8 Million Workers Legal Minimum Standards on Information Rights
  8. ACCAAppropriate Risk Management is Crucial for Effective Strategic Leadership
  9. EPSUWill the Circular Economy be an Economy With no Workers?
  10. European Jewish CongressThe 2018 European Medal of Tolerance Goes to Prince Albert II of Monaco
  11. FiscalNoteGlobal Policy Trends: What to Watch in 2018
  12. Human Rights and Democracy NetworkPromoting Human Rights and Democracy in the Next Eu Multiannual Financial Framework

Latest News

  1. Brexit and trade will top This WEEK
  2. Dutch MPs in plan to shut EU website on Russian propaganda
  3. Four years on – but we will not forget illegally-occupied Crimea
  4. Evacuated women from Libya arrive newly-pregnant
  5. Merkel in Paris for eurozone reform talks
  6. Commission rejects ombudsman criticism over Barroso case
  7. Western allies back UK amid Russian media blitz
  8. Meet the European Parliament's twittersphere

Stakeholders' Highlights

  1. Mission of China to the EUDigital Cooperation a Priority for China-EU Relations
  2. ECTACompetition must prevail in the quest for telecoms investment
  3. European Friends of ArmeniaTaking Stock of 30 Years of EU Policy on the Nagorno-Karabakh Conflict: How Can the EU Contribute to Peace?
  4. ILGA EuropeCongratulations Finland!
  5. EUobserverNow Hiring! Sales Associate With 2+ Years Experience
  6. EUobserverNow Hiring! Finance Officer With Accounting Degree or Experience
  7. UNICEFCyclone Season Looms Over 720,000 Rohingya Children in Myanmar & Bangladesh
  8. European Gaming & Betting AssociationEU Court: EU Commission Correct to Issue Guidelines for Online Gambling Services
  9. Mission of China to the EUChina Hopes for More Exchanges With Nordic, Baltic Countries
  10. Macedonian Human Rights MovementCondemns Facebook for Actively Promoting Anti-Macedonian Racism
  11. Nordic Council of MinistersGlobal Seed Vault: Gene Banks Gather to Celebrate 1 Million Seed Collections
  12. CECEIndustry Stakeholders Are Ready to Take the Lead in Digital Construction