The Netherlands will not support ’empty compromise’ eurozone plan

The Netherlands will not support a new bail-out plan for the euro if it contains ’empty compromises’, finance minister Jan Kees de Jager said on Tuesday, ahead of a crucial meeting of EU leaders on Wednesday.


Although a meeting of finance ministers has been postponed, EU leaders are pressing ahead with their meeting, which will be followed by a dinner for leaders of the eurozone countries, according to BBC reports.
The cancellation of the finance ministers’ meeting shows there is broad agreeement about the deal, De Jager told MPs on Tuesday.
Convincing
However, the package would have to be ‘convincing and practical’ to merit Dutch support, he said.
During the debate, De Jager came under fire from Labour’s finance spokesman Ronald Plasterk. Plasterk has already made it clear the biggest opposition party will not support a cosmetic rescue plan which will not end the crisis.
Earlier, De Jager said the Netherlands would insist on an increase in the private sector’s share of the bail-out burden. Banks and insurance companies would have to write off much more than the 21% of their Greek debt agreed during the summer, the Volkskrant reported him as saying.

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