Dutch govt tackles Greek bailout confusion

26th July 2011, Comments 0 comments

The Dutch government has attempted to dispel confusion about how much the latest financial bailout for Greece will cost the Netherlands. In a letter to parliament on Monday, cabinet says there are various calculations that can be used to explain the bailout, but there is no difference of opinion on its content.

MPs were confused by an earlier statement in which Prime Minister Mark Rutte spoke of a 109-billion-euro bailout, while his counterparts from other eurozone states referred to a sum of 159 billion euros.

In its letter, the government explains that the difference has to do with the time factor and the involvement of the private sector in the bailout. The government says it has consistently referred to the period until 2014 in helping Greece overcome its acute problems. However, the involvement of the financial sector will extend well beyond that year.

© Radio Netherlands Worldwide

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