Former Dutch Finance Minister Jeroen Dijsselbloem will leave national politics when a new government takes office in approximately two weeks.
On the European stage, Dijsselbloem heads meetings of the Eurogroup, and he has said he will keep that role until his term expires in January. He has not indicated what he intends to do after that.
Dijsselbloem’s Labour party was heavily defeated in the March 15 election and will not be part of the new government, agreed this week after months of coalition talks.
“I am leaving Dutch politics. It is not easy,” he wrote in a letter published by the party.
“I have reached the conclusion that is this position, this stage, I don’t have the fire power.”
Dijsselbloem did not say what he intends to do when he steps down on Oct. 25 but has already said he will complete his term as head of the Eurogroup of euro zone finance ministers which expires in mid-January.