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Euro Group appoints new chief

Tuesday, Jan 22, 2013 - 01:52

Jan. 22 - Dutch Finance Minister Jeroen Dijsselbloem has been elected as the new head of the Euro Group replacing Jean-Claude Juncker after 7 years in the job. Hayley Platt reports.

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The Euro Group has a new chairman. Dutchman, Jeroen Dijsselbloem replaces Jean Claude Juncker who's stepped down after 7 years. The current Netherland's Finance Minister says he wants to move on from a crisis management approach to the euro zone's problems. (SOUNDBITE) (English) NEW PRESIDENT OF THE EUROPGROUP JEROEN DIJSSELBLOEM SAYING: "Further restoring the trust in the euro and euro zone and the economic perspective for the countries, that is the main task at hand. There seems to be a new basis for trust and we have to work to enhance it to strengthen it and to build new growth and jobs." Dijsselbloem - now 46 and a father of two - was a virtual unknown four months ago. He's only been in his national post for three months. And will keep that job as well as his new one. A trained agricultural economist his latest position has surprised some. HSBC's Bronwyn Curtis. SOUNDBITE: Bronwyn Curtis, senior advisor, HSBC Global Banking and Markets, saying (English): "He is part of the north group rather than the south peripheral group in Europe and that could be a problem because we've already seen a situation where Spain and other peripheral countries objecting to the appointment of yet another person from the northern countries into a key position." But as Finance Minister of one of the few remaining triple A rated euro zone countries he's clearly done enough to impress most of his fellow ministers. German Finance Minister, Wolfgang Schaeuble. (SOUNDBITE) (German) GERMAN FINANCE MINISTER, WOLFGANG SCHAEUBLE, SAYING: "I believe that he is a good president for the Eurogroup. I also believe it would be good, and this has also been suggested by my French colleague, to have a debate on the basic work of the Eurogroup." Cemeting confidence may be another aim for the new Chairman. But with elections in Italy and Germany looming - he may have his work cut out.

Euro Group appoints new chief

Tuesday, Jan 22, 2013 - 01:52

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