Rutte, Pechtold confident about Spanish bailout and future of the euro

There is a 95% to 100% chance the Spanish government will pay back the bailout loan it will receive for its banks, prime minister Mark Rutte told tv talk show Jinek op Zondag on Sunday morning.


Rutte said it is essential confidence in the financial markets is restored, otherwise ‘the Dutch people will also suffer’.
Spain has given up attempts to rescue its ailing banks alone and asked for a European bailout of up to €100bn.
Commenting on this loan and those already made to Greece, Rutte said the money will be repaid eventually because an EU country cannot avoid repayment if it wants to be considered for help again in the future, reports news agency ANP.
The caretaker prime minister also said the euro will still be around in another half century and that the measures taken so far to deal with the current crisis have made the eurozone stronger.
Not yet complete
Meanwhile, left-wing liberal party D66 leader Alexander Pechtold told tv programme Buitenhof that important steps are being taken towards an elected president and an elected European Commission.
‘The European project is not yet complete but pulling out is not a consideration,’ he said, reports the Telegraaf.
According to Pechtold, Europe may cost each Dutch person €230 a year, but they get back at least &euro 1,500.

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