MPs ratify European rescue fund

Dutch MPs voted by a wide margin on Thursday to ratify the establishment of a permanent European rescue fund.

After three days of debate, during which Geert Wilders repeatedly tried to have the proceedings delayed, MPs voted by 100 to 47 in favour of the ESM.
Wilders’ PVV, the Socialists, ChristenUnie, and other minor parties voted against. Wilders also attempted to pass a motion of no confidence in economic affairs minister Jan Kees de Jager but was only supported by the PVV and pro-animal PvdD.
The Netherlands will put €4.5bn in the fund and guarantee a further €35bn. In total, the fund will have €500bn at its disposal.

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