Dutch pension funds unwilling to join Greek rescue plan

Dutch pension funds are not interested in putting money into a second rescue plan for Greece, RTL news reports on Thursday, quoting from a letter to finance minister Jan Kees de Jager.


The letter was sent to the minister by the pension fund association at the beginning of this month. It states that the duty of the funds is to represent the interests of workers, employers and pensioners, but not the Greek government or Greek general public.
A spokesman for the association told RTL the organisation’s position has not changed since eurozone countries agreed a €159bn bail-out last week. Of that, €50bn will come from the private sector.
Dutch banks ING and Rabobank have agreed to cooperate, RTL says.

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