Dutch vote on EFSF expected Thursday: official

5th October 2011, Comments 1 comment

Dutch MPs will vote late Thursday whether to beef up Europe's rescue fund as decided by eurozone leaders at a summit on July 21, a Dutch parliamentary official said on Wednesday.

"The vote is set for Thursday evening, although an exact time has not yet been set," the official who asked not to be named told AFP.

Fourteen countries in the 17-member eurozone bloc have now approved new powers for the 440-billion-euro ($590 billion dollar) European Financial Stability Facility.

The Netherlands, Malta and Slovakia have not yet ratified boosting the EFSF.

New powers include buying sovereign bonds of struggling eurozone countries on the secondary market and providing loans directly to member countries under financial duress.

Dutch news agency ANP said the measure should win approval by lawmakers.

The vote date for a new aid package for Greece, also approved by eurozone leaders on July 21, will be decided later Wednesday or Thursday, the official said.

© 2011 AFP

1 Comment To This Article

  • Bruce posted:

    on 6th October 2011, 12:13:10 - Reply

    We can only hope they vote 'No' to put a spanner in the works, but I fear this will not be the case!!!