Tag Archives: blunder

Jeroen Dijsselbloem is ‘disappointed’ about the Cypriot no-vote

Via the Dutch Trouw-newspaper, a short reaction from Dutchfinance minister and Eurozone Chairman Jeroen Dijsselbloem (my translation):

‘The Eurozone has fairly quickly and in great unity submitted a proposal to Cyprus [i.e. the bail-out plan]. Now really the responsibility is theirs to accept the proposal in terms of its requirements. The large capital is in the banks of Cyprus. The banks are now in trouble, so it is clear and unavoidable that their capital is looked at [for the bail-out].

Dijsselbloem said he is ‘disappointed’ about the vote but ‘At the same time we did an offer on behalf of the Eurozone.  That offer is still valid and its requirements/conditions as well. The ball is really in Cyprus’ court now.

So in short, the message to Cyprus is to accept this proposal for bail-out or else….

Quite amazing how the Eurozone can’t admit it made a mistake.

Advertisements