Financial Times
July 20, 2011
When Europe’s top leaders meet in Brussels at noon on Thursday to tackle a permanent solution to the Greek debt crisis, their hands may be tied by the results of a smaller meeting earlier that morning, 200 kms to the north.
At 9am in The Hague, the Netherlands’ outspoken finance minister, Jan Kees de Jager, will meet the finance committee of the Dutch parliament to lay out the proposals European leaders are to discuss at the summit. A crucial sticking point in the negotiations is the insistence by the Netherlands and Germany that any support for Greece involve participation by the private sector.
Mr de Jager and Mark Rutte, prime minister, have promised that no deal for Greek aid will go forward without explicit approval from the Dutch parliament. Dutch political parties have demanded a significant private-sector contribution, and the members of parliament’s finance committee say they will use the meeting to make sure those demands are met.
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