Saturday, December 10, 2016

Dijsselbloem: populism caused by the banking crisis – NOS

The damage to the economy as a result of the banking crisis is the main reason for the rise of populism in Europe, in addition to migration. That says minister Dijsselbloem of Finance in the Financieele Dagblad. According to him, led to the financial crisis to “a total breakdown of trust of people, pensions, people, and werkgelegenheidsperspectief”. That is a fertile breeding ground for populism proved to be, according to Dijsselbloem.

The class to win the final time in popularity. That is to read the outcome of the brexit referendum and the choice of Donald Trump as the new president of the United States. In the Netherlands the PVV it has been a while well in the polls, while Dijsselbloems Labour is diminished to eleven to thirteen seats.

Pay

Dijsselbloem as chairman of the eurogroup international fame through his approach to the banking crisis in Europe, including those in Cyprus. The problem banks were saved without public money. Shareholders, bondholders and depositors paid the piper.

The minister was dealing with the financial sector in the Netherlands. So were banks, including ABN Amro, under his predecessor, Wouter Bos in state-controlled hands. He mentions that intervention is totally justified. Mr Dijsselbloem brought ABN Amro and ASR back to the exchange.

Because of that intervention came Dijsselbloem in collision with the top of the ABN because he has an appointment on a salary increase of a ton does not fulfil. According to the minister, the pay gap is not more to defend. “The top does not with people at the bottom of the organization. “

public debate

According to Dijsselbloem see bankers populism as a matter for politicians, but he finds that ceos understand have to determine their position in the social debate as they have the trust of the people want to regain. “Bankers are under the table, crept up, understandable due to the storm. But there comes a time that they there under should.'

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