Meet Mr. Dijsselbloem

“After months of pressuring Greek politicians, Dutch Finance Minister Jeroen Dijsselbloem was under scrutiny himself Thursday over his handling of state-owned lender ABN Amro Group NV. Dutch parliament is debating the matter after lawmakers’ outrage at pay rises awarded to ABN Amro executives forced the government to delay the bank’s initial public offering. The bank’s management said Dijsselbloem had promised to defend the increases.”

“The finance minister has had to juggle questions about the control of corruption risks at ABN Amro while leading euro-area negotiations with Greece over its bailout program in his role as the Eurogroup chairman. Lawmakers are concerned the state will lose billions of euros from its 22 billion-euro ($24 billion) bailout of the lender on the cusp of the financial crisis. Parliament was caught by surprise last month when ABN Amro’s annual report revealed six board members were paid an additional allowance of 100,000 euros in 2014. Several lawmakers have said Dijsselbloem never informed them of the pay hike and have criticized him for not taking into account the reaction of Dutch voters. They were particularly outraged as the bank simultaneously let workers go and froze salaries of other employees.”

“The Dutch government was forced to nationalize parts of the bank after a 71.9 billion-euro takeover of the business by three lenders ended with the company’s breakup. The IPO will probably be the biggest in Dutch history when it occurs. Dijsselbloem introduced the European Union’s toughest caps on bonuses in the Dutch financial industry in 2013. The law limiting bonuses at banks and insurers to 20 percent of fixed salaries came into force last year. European Union rules ban bonuses exceeding twice fixed pay.”

http://www.bloomberg.com/news/articles/2015-04-08/dijsselbloem-under-scrutiny-from-dutch-lawmakers-on-abn-amro-pay

The Dutch finance minister and Eurogroup chairman, Jeroen Dijsselbloem, stated that Germany must do more to enhance its competitiveness, mentioned reforms implemented by Spain, Portugal and Ireland in recent years, adding that Berlin would be well-advised not to rest on its laurels. [...] The Dutch finance minister and Eurogroup chairman, Jeroen Dijsselbloem, stated that Germany must do more to enhance its competitiveness, mentioned reforms implemented by Spain, Portugal and Ireland in recent years, adding that Berlin would be well-advised not to rest on its laurels.

http://failedevolution.blogspot.gr/2014/10/plutocrats-tighten-siege-around-europe.html

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the unbalanced evolution of homo sapiens

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