After the outrage and crash of the Euro and the stock markets, Jeroen #DieselBoom or “Flip Flop Boom” for internet users but Dijsselblom to his EURO collueagues, realeased a statement in an attempt to calm down the nerves of economists and savers.
Statement by the Eurogroup President on Cyprus
“Cyprus is a specific case with exceptional challenges which required the bail-in measures we have agreed upon yesterday.
Macro-economic adjustment programmes are tailor-made to the situation of the country concerned and no models or templates are used.”
Earlier on Monday, Dijsselbloem told Financial Times and Reuters, that the “Cyprus deal can be used as template also for future bailouts in other countries.”
photo by forexlive
Dijsselbloem was sharply criticized by economists and journalists around the world with finance blog of Financial Times “Alphaville” suggesting:
“Dijsselbloem, do remember that careless talk costs lives… and it’s really about time it cost you your job.”
FT Alphaville editor Paul Murphy published a scathing review of Dutch Finance Minister Jeroen Dijsselbloem’s first major crisis as President of the Eurogroup of euro zone finance ministers, a job he began in January. Murphy’s conclusion, in short: Fire Dijsselbloem (via businessinsider)