Dutch call for clarity on private role in Greek bailout

28th June 2011, Comments 0 comments

The Dutch government wants more clarity on the private sector's participation in a second bailout package for Greece before making any commitments, Finance Minister Jan Kees de Jager said Tuesday.

"For me it's about getting more clarity over the private sector's involvement, before the Netherlands can commit to the supplementary package," De Jager said in an interview with Dutch private television RTL.

The Dutch finance chief said he wanted the private sector across Europe to participate in a second Greek bailout that is currently being cobbled together, and has spoken to Dutch banks where talks went "very well."

Dutch banks however wanted assurances that the playing field is level and that all private sector players would participate.

Eurozone finance ministers are to hold a special meeting Sunday when, depending on an Athens vote to approve new austerity measures, they will unblock 12 billion euros ($17 billion) from Greece's bailout loan approved last year.

Within coming weeks they will also decide on a second bailout which could also amount to around the 110 billion euros pledged under the first bailout.

De Jager said the Dutch government in principle supported the decision for the next aid tranche to Greece, but more time was needed to decide over the second bailout.

"For the additional package, we need perhaps need more time and somewhat more clarity," De Jager said.

He added that although painful, he hoped that Greece would approve and implement austerity measures.

© 2011 AFP

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