Dutchman elected new chief of eurogroup

January 21, 2013 • Business

The President of the Eurogroup Jean-Claude Juncker rings the bell to open the meeting during an Eurogroup finance ministers meeting at the EU Council in Brussels on Monday, Jan. 21, 2013. The Eurogroup ministers will be choosing a new eurogroup leader. (AP Photo/Geert Vanden Wijngaert)

BRUSSELS (AP) — The Dutch finance minister, Jeroen Dijsselbloem, was elected Monday as the new president of the group of euro area finance ministers.

Dijsselbloem, 46, who has only been the Netherlands’ finance minister since November, will now face one of the world’s most daunting financial tasks — helping to lead the group of 17 European Union countries that use the euro back to financial stability.

Some EU leaders feel the corner has been turned in the effort to save the euro currency.

But at a press conference after the meeting of the eurozone finance ministers in Brussels, at which he was elected, Dijsselbloem cautioned against overconfidence.

“The job isn’t done yet,” he said.

He promised to focus on growth and further integration.

“The completion of the banking union is essential,” he said.

Dijsselbloem replaces Jean-Claude Juncker, the Prime Minister of Login to read more

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