Dutch Say Greek Program Involvement Contingent on IMF Support

by Dramelin 8:00 AM 0 comments

?IMF involvement is necessary,? Jeroen Dijsselbloem, Dutch finance minister, told lawmakers on Wednesday in The Hague. ?The majority in parliament is very clear, that if the IMF will not take part or withdraws, then support for the program will be lost.?Keep up with the best of Bloomberg Politics. Greece won?t meet fiscal surplus targets set by its euro-area creditors, the IMF said on Monday, after executive directors met to discuss the fund?s annual assessment of the nation?s economy. The Netherlands won?t maintain participation in the Greek bailout if the International Monetary Fund withdraws its support, raising the stakes in a quarrel between the fund and the nation?s European creditors over how to implement an aid package. The 4.75 percent notes were sold in April 2014 as part of a series of flagship sales that marked Greece?s brief return from market exile.