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.
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.
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.
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.
Dutch Finance Minister Jan Kees de Jager said he will tie his approval of an expansion of the region’s rescue fund and its use to recapitalize banks to more control over debt-strapped countries’ budgets, Financial Times Deutschland reported, citing an interview.