The Netherlands will lose ‘many tens of billions of euros’ if EU countries stop supporting Greece and the country degenerates into financial chaos, the finance minister said in a briefing for MPs on Monday.

Jan Kees de Jager’s briefing comes ahead of what is set to be a hotly contested parliamentary debate on further help for Greece on Tuesday.
If the Netherlands refuses to help Greece further, EU and IMF loans will automatically stop, because they require unanimity, De Jager said. And there is a real risk the crisis will spill over to Ireland, Portugal and even Spain, the minister said.
Risks
‘Like a number of my colleagues, I do not look forward to extending further support to Greece. But the option of doing nothing, with all the risks that carries, is even less attractive,’ the minister wrote.
De Jager said he would prefer it if Greece is given extra help by the EU and IMF and that European banks, insurers and pension funds extend the duration of their loans to Greece.
The ruling coalition’s alliance partner PVV opposes any more help to Greece and the Labour party is also opposed to giving ‘a blank cheque’.