We had an intense discussion, constructive, covering a lot of ground, also making progress, but not enough progress yet to come to joint conclusions, we didn’t actually go into detailed proposals, we didn’t enter into negotiations on content of the program or a program, we simply tried to work next steps over the next couple days. We were unable to do that.

Jeroen Dijsselbloem

Categorized in : Top News

As a minister, you shouldn't imagine you know better than the technical experts in your ministry. In the end you're there to apply the political stamp of approval.

Jeroen Dijsselbloem

ministry political experts

What can you do in order to save your own banks? by Jeroen Dijsselbloem

What can you do in order to save your own banks?

Jeroen Dijsselbloem

What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.

Jeroen Dijsselbloem

pushing-back risk night

Macroeconomic adjustment programmes are tailor-made to the situation of the country concerned and no models or templates are used.

Jeroen Dijsselbloem

tailors used country

Banks should contribute to the real economy, make a positive cont... by Jeroen Dijsselbloem

Banks should contribute to the real economy, make a positive contribution to economic growth.

Jeroen Dijsselbloem

economic growth real

If I finance a bank and I know if the bank will get in trouble I will be hit and I will lose money, I will put a price on that.

Jeroen Dijsselbloem

finance trouble knows

Debt is a discussion we've not had before. The only thing we had was a promise that if the Greeks would commit fully and deliver on the program we would look at, if necessary, further debt measures.

Jeroen Dijsselbloem

Expansionary monetary policy... supports the economy in the short run, but the limitations are imminent and negative side-effects are becoming stronger.

Jeroen Dijsselbloem

The quality of the reforms to be implemented is our main concern, the authorities should now shift into high gear so that negotiations can be finalised as soon as possible, i very much realize that some of the reforms necessary are politically difficult for the society, but it is of prime importance to implement what has been agreed in summer of 2015.

Jeroen Dijsselbloem

I am confident the country will be able to stand on its own feet... by Jeroen Dijsselbloem

I am confident the country will be able to stand on its own feet again.

Jeroen Dijsselbloem

If the Netherlands has been part of the problem in the past, we want to be part of the solution from now on.

Jeroen Dijsselbloem

On the basis of a final compliance notice... the EWG agreed that the Greek authorities have now completed the first set of milestones and the financial sector measures that are essential for a successful recapitalization process, the agreement paves the way for the formal approval by the ESM Board of Directors on Monday 23 November of disbursing the 2 billion euro sub-tranche linked to the first set of milestones.

Jeroen Dijsselbloem

That still has not happened. by Jeroen Dijsselbloem

That still has not happened.

Jeroen Dijsselbloem

I think we will listen to what the Commission and the Greek minister has to say and where the discussion is stuck. Then we will decide on whether we will put it back on their plate or whether we can cut through some knots. I expect it to be the former.

Jeroen Dijsselbloem

My understanding is that (German Finance Minister Wolfgang) Schaeuble said we must reduce risks in the banking systems and he would rather talk of that side of the medal, but there are two sides of the medal, there is the side of reducing risks and at the same time building a more risk sharing system. We have to take both approaches at the same time as far as I am concerned.

Jeroen Dijsselbloem

The way we have built the banking union so far is to deal with risks in our banking system and at the same time talking about sharing risks. That approach has to be taken further.

Jeroen Dijsselbloem

(Chouliarakis) knows what he's doing because he was top man in the ministry for the past year and half.

Jeroen Dijsselbloem

I hope that they are as quick as possible so that the least possi... by Jeroen Dijsselbloem

I hope that they are as quick as possible so that the least possible amount of time is wasted.

Jeroen Dijsselbloem

It is crucial that Greece maintains its commitments to the euro z... by Jeroen Dijsselbloem

It is crucial that Greece maintains its commitments to the euro zone.

Jeroen Dijsselbloem

It's not going to be easy. We are certain to encounter problems in the years to come. But I believe we will be able to resolve them.

Jeroen Dijsselbloem