Euro-area finance ministers meeting in Brussels today will hear from Greece and the so-called troika if Greece has met the conditions for a second bailout program, Dutch Finance Minister Jan Kees de Jager said.
Lending money to euro-region countries such as Spain and Italy that are struggling to cut their budget deficits won’t solve their fiscal difficulties or save the euro, Dutch Finance Minister Jan Kees de Jager said.
Finance Minister Jan Kees de Jager said the Netherlands is unlikely to request Greek collateral in exchange for further aid under an agreement reached yesterday by euro-area finance chiefs. He spoke to reporters in Luxembourg today.
Dutch Finance Minister Jan Kees de Jager said the euro-area’s 750 billion-euro financial backstop is sufficiently large “at the moment” to handle the region’s debt troubles and European governments must focus on balancing their budgets.