Euro deal of great importance, Rutte says

27th October 2011, Comments 0 comments

Prime Minister Mark Rutte has said the outcome of Thursday's euro deal is "of great importance".

He added, "we've made the right decisions," referring to the arrangements for tighter budgetary discipline. Eurozone states have committed themselves to following European Commission guidelines for financial stability and economic growth. At the request of the Netherlands, Rutte said, the deal includes the intention to strengthen the role of the EU Commissioner who is responsible for supervision and sanctioning.

China The deal struck by the 17 European countries using the euro currency includes scrapping half of Greece's debts, increasing the firepower of the European Financial Stability Facility to 1000 billion euros, and a back-up fund at the IMF which could be fed by countries like China or Brazil whose positive financial situation enables them to contribute.

Professionals Despite earlier outspoken criticism of Italy and its Prime Minister Silvio Berlusconi's handling of the debt crisis at an EU meeting earlier this week, the Dutch prime minister said that the overnight meeting with his fellow government leaders was held in a good atmosphere. "After all they are all professionals, even though their views may differ," Rutte said.

© Radio Netherlands Worldwide

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