Euro emergency fund gets Dutch vote

Parliament voted on Thursday evening to raise the Dutch contribution to the European Financial Stability Facility (EFSF) from €56bn to €98bn.


The governing parties liberal VVD and Christian Democrats were joined by opposition parties Labour, left-wing liberals D66, green party GroenLinks and fundamentalist Christians SGP in voting for the increase. Only the government’s alliance party PVV and the Socialists voted against.
The EFSF is the European emergency fund that supports failing euro zone countries. Ireland and Portugal have already received money from the fund and it will also be used for a second bail-out for Greece.
The increase in the Dutch contribution was agreed by European leaders in July and the Netherlands is the 15th member to vote it through. Malta and Slovakia will vote next week.
The Dutch upper chamber will vote on the increase on Tuesday.

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