Jeroen Dijsselbloem, the head of the Eurogroup, spooked the markets by implying the Cyprus bailout was the template.
He has been allowed to listen in to part of one Eurogroup phone conference.
The eurogroup has played its latest move in what many have called a game of chicken.
FORBES: Europe's Fate Hangs From A Thread Ahead Of Greek Confidence Vote
And yet he craves admission to the Eurogroup not as a participant, he says, but as an observer.
The eurozone has already faced tremendous loses in stock markets after the announcement of the Eurogroup decision.
FORBES: Steve Forbes: Here's Why Cyprus Could Be A Disaster For All Of Us!
Hence the need for renegotiation and delay, creating more of the uncertainty the Eurogroup was keen to avoid.
It was Jean-Claude Juncker, Prime Minister of Luxembourg, who chairs the grouping of eurozone finance ministers (the Eurogroup).
Jean-Claude Juncker, the chairman of the Eurogroup, was even more to the point.
FORBES: Geithner's Trip To Europe: Spend-aholics Shouldn't Give Advice To Spend-aholics
Eurozone finance ministers - the Eurogroup - discussed the situation in Cyprus in a conference call on Monday evening.
BBC: Cyprus told it can amend bailout, as key vote postponed
Take the Cyprus agreement, which the Eurogroup is also due to endorse Friday.
Today's Eurogroup meeting - attended by eurozone finance ministers - is the first to be hosted by the Netherlands.
Finance ministers will work on the details at a Eurogroup meeting on Monday.
The Eurogroup statement is clear: Spain is responsible for returning the money.
Eurogroup head Jeroen Dijsselbloem said ministers were ready to help Cyprus, but the details still needed to be worked out.
They recognise in this context, that Ireland is a special case, and that the Eurogroup will take that into account.
FORBES: After Mrs. Merkel's Irish Jig, Are Ireland's Problems Solved?
"It looks like the Eurogroup took this action without consulting Russia, " Finance Minister Anton Siluanov was quoted as saying by Interfax.
"Significant progress has been made toward an agreement at least with the troika which will report to the Eurogroup, " he said.
BBC: Cyprus says 'significant progress' in debt crisis talks
Eurozone finance ministers, known collectively as the Eurogroup, are confident of agreeing a bailout for Cyprus by the end of March.
That is the prevailing view: that the medicine prescribed by the Eurogroup - the eurozone finance ministers - will kill the patient.
The Eurogroup has lent the country more than 50% of its GDP.
Jean-Claude Juncker has been co-ordinating the Eurogroup of finance ministers since 2005.
BBC: Spanish borrowing costs above 7% as euro ministers meet
The long-distance transportation of animals for slaughter is "a madness", according to veterinary surgeon David Wilkins, Director of the Eurogroup for Animal Welfare.
Those who like an exclusive Eurogroup fret that, once the Poles are in the room, it may be hard to get them out.
Even the single currency has managed to strengthen despite traders keeping a wary eye on Greece ahead of tomorrows special Eurogroup meeting.
Eurogroup Chief Jean-Claude Juncker confirmed on Monday night that the support would involve bilateral loans from all euro zone members, rather than debt guarantees.
"It is essential that an agreement is reached by the eurogroup on Sunday evening in Brussels on a financial assistance programme for Cyprus, " he said.
Our opinion is that there is a robbery underway because the general understanding and the deal done with Eurogroup clearly specifies DEPOSIT accounts to be levied.
The Eurogroup, of 17 eurozone finance ministers, will meet to discuss the Cyprus bailout at 18:00 local time (17:00 GMT) on Sunday, its president Jeroen Dijsselbloem tweeted.
BBC: Cyprus says 'significant progress' in debt crisis talks
The new Dutch Finance Minister, Jeroen Dijsselbloem, who was elected the new chair of the Eurogroup of eurozone finance ministers on Monday, is supportive of the measure.
The Eurogroup, headed by Luxembourg Prime Minister Jean-Claude Juncker, asked the Greek political class to support the reform package accepted as a condition of the original EU-IMF bailout.
FORBES: Equities Rally As Wal-Mart Gets Supreme Court Ruling
应用推荐