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| Jeroen Dijsselbloem |
Political blunders will happen. But the Dutch Finance Minister dropped a real clanger this morning when he said that the cash-grab on account holders in Cypriot banks was a “template”” for Europe. A promising day on the markets immediately turned into a horror. Well of course the minister hurriedly backtracked on that, even though the business day was well over in Europe by the time it became clear there that the minister had spooked stock markets all over the world. His name is Jeroen Dijsselbloem incidentally and maybe his name will become a synonym for destroying public confidence in banks. The markets took no notice of his protestation that he didn’t mean it and just kept heading for the cellar. Sigh.
