Dutch Fi­nance Min­is­ter and Pres­i­dent of the Euro-Group in Q&A ses­sion at univer­sity

Malta Independent - - NEWS -

Jeroen Di­js­sel­bloem, Dutch Fi­nance Min­is­ter and Pres­i­dent of the Euro-Group will be the main speaker in a Ques­tion and An­swer ses­sion which will take place on Thurs­day, 24 Novem­ber from 2pm to 3.30pm at the Arts Lec­ture The­atre, Univer­sity of Malta, Msida.

The ac­tiv­ity is be­ing led by the In­sti­tute for Euro­pean Stud­ies of the Univer­sity of Malta in col­lab­o­ra­tion with the Em­bassy of the King­dom of the Nether­lands in Malta. All univer­sity stu­dents are in­vited to par­tic­i­pate in this event.

Speak­ing in Lon­don some days ago, Di­js­sel­bloem said that the EU fi­nan­cial sec­tor is in a much bet­ter shape than it was be­fore. But some euro­zone banks are still in trou­ble be­cause they have too many non­per­form­ing loans. To en­sure their long-term sur­vival, banks need to take dras­tic ac­tion to strengthen their fi­nan­cial po­si­tions.

Mr Di­js­sel­bloem was elected Eurogroup Pres­i­dent by Euro area fi­nance min­is­ters on 21 Jan­uary 2013 and for a sec­ond term on 13 July 2015. He is the sec­ond per­son to hold the post since the Eurogroup was founded, the other be­ing the Lux­em­bour­gian Jean-Claude Juncker.

Since Fe­bru­ary 2013, Mr Di­js­sel­bloem has also been the Chair of the Board of Gover­nors of the Euro­pean Sta­bil­ity Mech­a­nism. The Euro­pean Sta­bil­ity Mech­a­nism is a per­ma­nent Euro­pean Union agency based in Lux­em­bourg that pro­vides fi­nan­cial as­sis­tance, in the form of loans, to euro­zone coun­tries or as new cap­i­tal to banks in dif­fi­culty. Its aim is to sup­port banks which find them­selves in trou­ble and so help avoid in­sta­bil­ity in the fi­nan­cial mar­kets, ul­ti­mately pro­tect­ing the in­ter­ests of de­pos­i­tors and tax pay­ers.

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