Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

De Jager Ties Bank Recapitalization to Budget Control, FTD Says

Don't Miss Out —
Follow us on:

Oct. 14 (Bloomberg) -- Dutch Finance Minister Jan Kees de Jager said he will tie his approval of an expansion of the region’s rescue fund and its use to recapitalize banks to more control over debt-strapped countries’ budgets, Financial Times Deutschland reported, citing an interview.

“We will only approve bank recapitalizations through the rescue fund EFSF or its expansion if our request for more control is met at the next summit,” de Jager told the newspaper in an interview. De Jager envisages the creation of a special commission to monitor countries breaching the region’s budget rules and dictate fiscal policy if needed, FTD reported.

To contact the reporter on this story: Jana Randow in Frankfurt at

To contact the editor responsible for this story: Craig Stirling at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.