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

Sunday 10 June 2012

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.

© DutchNews.nl

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Readers' comments (6)

I will look forward to that 'Euro 1,500' hitting my bank account this year, I have every confidence? Bank bailouts, WHY ARE WE PAYING FOR THESE CORRUPT ARSES.

By Highlander | June 10, 2012 5:24 PM

'Nice piece of propaganda, especially the last line. There is no money for us, only the elite, go figure!

By The visitor | June 10, 2012 11:55 PM

Rutte, Pechtold are Bildeberg NWO leeches. You know they are lying when their lips are moving. The Euro has already failed.

By Tucker | June 11, 2012 7:47 AM

Rutte, Pechtold confident about Spanish bailout and future of the euro
Do you want to know a secret?
Do you promise not to tell, whoa oh, oh”
Mr Rutte an accomplish to the secret deal made with Europeans tax payers money over Spain’s “load, bailout, giveaway” will be held account to his words.

By Terence Hale | June 11, 2012 12:23 PM

The people need to wake up. Corrupt banks are not, too big to fail. People need to educate themselves with regards to the 'Banksters'.

As European taxpayers prepare to rescue Spain's ailing banks, anti-corruption prosecutors, academics and regional parliaments are uncovering a tale of greed, cronyism and political meddling that has brought many of the country's leading savings institutions to their knees.

By Highlander | June 12, 2012 10:04 AM

I am super confident about the future of the EU too. (Sarcasm)

By phil | June 12, 2012 12:19 PM

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