The tough former chief of the Eurogroup, the Dutch Jeroen Djisselbloem, who recently became unemployed, has just been saved saved by a 14,000 euros per month consultancy job. The Dutch once savaged the “waste” of the Southern EU countries with the phrase “Southern countries cannot spend all their money on alcohol and women and then ask for help”.
Dijsselbloem will soon be working for the European Stability Mechanism (ESM), a financial institution founded by the governments of the euro area during the crisis to intervene in aid of the countries in difficulty. Back in April, Dijsselbloem himself wanted to turn this eurozone bailout fund, the European Stability Mechanism, into a fully fledged European Monetary Fund.
Minister of Finance since November 2012, when his Labour Party (Socialist) was part of the government of the liberal Prime Minister Mark Rutte, in January 2013 he was appointed president of the Eurogroup with the support of the powerful German and European colleague Wolfgang Schaeuble, who appreciated his pro-Berlin line, based on budgetary rigor and austerity measures. Both Dijsselbloem and Schaeuble have been extremely tough towards Greece.
At the last elections, the Labour Party collapsed and was pushed out by the new Rutte government. Dijsselbloem announced a logical farewell to politics. But the support of Germany allowed him an unprecedented extension until the deadline scheduled for January 2018.
Now, the head of the ESM, the German Klaus Regling, took him as a “strategic consultant” until the end of the mandate of his presidency. According to the Italian newspaper Corriere della Sera, Dijsselbloem”s salary will be «around 14.500 euros per month»… paid by the citizens from the Eurozone.