Dutch central bank chief survives
Dutch central bank (DNB) president Nout Wellink yesterday won enough support from the Dutch parliament’s lower house to remain in power, though it expects to see a substantial reform plan for the bank soon. Wellink, who is a member of the European Central Bank governing council and chairman of the Basel Committee of central bankers, is under heavy fire over the collapse last year of DSB Bank. But ut a call from Freedom Party (PVV) member Roland van Vliet to have Dutch finance minister Jan Kees de Jager oust Wellink, whose term expires 1 July, 2011, only won support from the PVV and socialist SP party. The PVV and SP together hold 39 seats in the 150-seat lower house.