Jeroen Dijsselbloem is leaving the Eurozone chairmanship from december( Photo: Eu.ESB)

THE HAGUE, Netherlands (AP) — Jeroen Dijsselbloem, the head of the 19-country eurozone, is leaving Dutch politics after 12 years as a lawmaker and nearly five as the Netherlands’ finance minister. Dijsselbloem said in a letter published Wednesday on his Labor Party’s website that he will leave Parliament later this month, but will complete his mandate, which ends in January, as chairman of the eurogroup.

German Finance Minister Wolfgang Schaeuble, left, speaks with Dutch Finance Minister Jeroen Dijsselbloem during a round table meeting of eurogroup finance ministers in Luxembourg, Monday, Oct. 9, 2017. Wolfgang Schaeuble, the long-time German finance minister, is attending his final meeting of his peers in the 19-country eurozone on Monday.

Dijsselbloem says he no longer has «the firepower» to remain in Parliament as part of the Labor Party’s opposition bloc for the coming four years. Dijsselbloem says in his letter that Labor, «paid the price» at the election for tough austerity measures he pushed through to help the Dutch economy recover from the financial crisis. The party slumped from 38 to nine seats in the 150-seat lower house of Parliament.

Experts on ECB and Eurogroup are guessing that the German Chanchellor Angela Merkel might strengthen th Eurogroup and ECB as an answer to Britain leaving the Union, even if UK is not a member of the Eurogroup, still having their own currency Pound Sterling, writes Nordic News.

Angela Merkel smiler efter valgseieren(Foto:Ap)

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