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Mark Rutte

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Paris, Berlin look to shake up euro zone leadership

France and Germany have thrown their weight behind creating a permanent president for economic policy in the euro zone, a role that would mark a fundamental overhaul of how the currency bloc is managed.Their backing calls into question the performance of Dutch Finance Minister Jeroen Dijsselbloem, who was appointed chairman of the Eurogroup of finance ministers of the 17-nation currency area in January, to serve initially for 2-1/2 years.Dijsselbloem, who succeeded Luxembourg Prime Minister Jean-Claude Juncker, has unsettled financial markets since taking office, especially with comments about Cyprus and how bank depositors could finance future bailouts.Those views, while supported by some at the European Central Bank and the European Commission, have irked other officials in Paris, Berlin and Brussels.At a meeting in Paris on Thursday, President Francois Hollande and Chancellor Angela Merkel agreed to propose to fellow leaders appointing a permanent Eurogroup head, which France has lo...

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  1. France, UK to Press For End to Syrian Arms Embargo

    France and Britain will try to persuade the European Union to lift its embargo on supplying weapons to Syrian opposition forces, French President Francois Hollande s...

  2. Dutchman likely to head euro zone finance ministers: officials

    Dutch Finance Minister Jeroen Dijsselbloem is likely to be named the next chairman of euro zone finance ministers in January, taking over a key role in managing the ...

  3. Dutch Prime Minister Sees No Need to Race Toward Banking Union

    Dutch Prime Minister Mark Rutte cautioned against racing ahead with more steps toward banking union, saying it was essential to first have a solid banking supervisor...

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    The slump in the Dutch housing market deepened in the third quarter, data showed Thursday, highlighting the challenges a new government faces in countering a downtur...

  7. Dutch Caretaker PM: Will Continue To Oppose Euro-Zone Bonds

    Mark Rutte, Holland's caretaker prime minister, reiterated Thursday his strong opposition to the creation of jointly backed euro-zone bonds."Euro bonds are simply no...

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