Finance Minister Jeroen Dijsselbloem believes that ABN Amro is ready for its Initial Public Offering, which is scheduled for November 20th. Though he does not want to make any prediction on whether or not the Dutch state will be able to recover the 22 billion euros in state aid completely.
The Netherlands Council of Ministers is expected to make a decision on whether or not to push forward with a sell-off of state-owned bank ABN Amro, sources inside parliament told newswire ANP. The government was supposed to make a decision about the sale two months ago, but it was sidetracked when the bank's executive board offered themselves a salary hike, causing a public uproar.
The ABN Amro spin-off unto the public market might happen this year after all as the government continues working to list the bank back on the stock market, Prime Minister Mark Rutte said in his weekly press conference after the Cabinet meeting. He says he still has confidence in the leadership of ABN Amro even after the "climate of unrest" from postponing the IPO decision after recent turmoil surrounding the approval of pay raises of the ABN Amro executive board.
Finance Minister Jeroen Dijsselbloem approved the controversial ABN Amro executive board pay raise and promised to defend it publicly in spring 2014, according to a memo ABN Amro put together in August 2014, and acquired by NRC.
The Dutch government has issued extra time to file tax return reports for those people wanting to get a guaranteed confirmation from the tax authorities before July 1st, a spokesperson for the Finance Minister confirmed to RTL Nieuws. Over 4 million people have filed tax returns since March 1st and now the Finance Minister Eric Wiebes has stretched the original deadline of tax declarations from April 1st to April 15th.
The Dutch Finance Minister and Eurogroup leader Jeroen Dijsselbloem is hoping for another term as the head of the eurozone finance ministers. New appointment will be made in July and Dijsselbloem is expected to face competition from Spain's Economy Minister Luis de Guindos.
Prime Minister Mark Rutte will attend this year's meeting of the World Economic Forum (WEF) in Davos, Switzerland this week. Finance Minister and Eurogroup President Jeroen Dijsselbloem, Minister for Foreign Trade and Development Cooperation Lillianne Ploumen, and Minister for Health, Welfare and Sport Edith Schippers will also attend the forum in Davos.
Finance Minister Jeroen Dijsselbloem wants to raise wages wherever possible, telling RTL Z on Tuesday that "this also stimulates the national demand and that is good for the economy."
The recent figures from the Bureau for Economic Policy Analysis (CPB) show that the recover after the crisis in The Netherlands is definite, but "fragile", Finance Minister Jeroen Dijsselbloem says.
A new European algorithm will mean that The Netherlands will spend more money next year on payments to the European Union and development aid, and will make the scope of the Dutch economy a lot bigger than previously calculated.
Minister Ronald Plasterk of Interior Affairs has on Sunday responded laconically to the threat, of Abvakabo chairman Corrie van Brenk, that the social agreement will be off the table if the Cabinet cuts 6 billion euro in 2014. "Well, the unions mark their position. That's just part of the game,” he said in the TV program WNL on Sunday.
In March, the government closed the social agreement with employers and employees. An austerity package of 4.3 billion was then put in the refrigerator. The hope was that the economy would attract and that the cuts would not be necessary.