AMSTERDAM: The Dutch parliament will vote on $96 billion bailout package for Greece on Wednesday (August 19).
The Dutch lawmakers in 150-seat lower house have been recalled from their summer break for voting on the latest emergency funding package. Euro zone finance ministers agreed on Friday to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions
Assuming approval by Euro zone parliaments, 13 billion euros should be in Athens on Thursday to pay pressing bills and a further 10 billion will be set aside at the European Stability Mechanism, earmarked to bolster Greek banks’ capital.
Like Germany, the Netherlands has taken a tough line on lending to Greece. The centre-right government of Prime Minister Mark Rutte will face strong opposition to additional loans in Wednesday’s debate.
