Dutch welcome Greek austerity vote

29th June 2011, Comments 0 comments

Dutch Finance Minister Jan Kees de Jager on Wednesday welcomed Greece's vote in favour of massive new austerity measures, saying it was "good news" for Europe and the world.

"It is very important, because if it did not happen it would have been hugely problematic for the Greeks... It is also good news for the financial stability for the rest of Europe and the world," De Jager told Dutch news agency ANP.

"Now we can take steps to look after one another. We are in the same boat. We also have an interest in Greece fixing itself," he said.

Lawmakers in Athens earlier approved cutting the government's spending gap by 28.4 billion euros ($40 billion) by 2015 in a vote that helps unlock 12 billion euros in emergency funding from the EU and the International Monetary Fund.

Greek lawmakers were due to hold a final vote on the measures on Thursday.

Athens needs the funds, part of its 110 billion euro EU-IMF bailout agreed last year, in order to avoid a default next month.

© 2011 AFP

0 Comments To This Article