Bloomberg News

Dutch Don’t Insist on Voluntary Greek Haircuts, De Jager Says

January 23, 2012

Jan. 23 (Bloomberg) -- Finance Minister Jan Kees de Jager said the Dutch government has never insisted that bondholder losses in a Greek debt swap be voluntary.

“We have never opposed a credit event or doing it in another way than purely voluntary,” de Jager told reporters in Brussels today before a meeting with his euro-area counterparts. “For us it has never been an absolute condition to have it done voluntarily. We hope that the banks contribute voluntarily.”

De Jager said it’s up to Greece and the banks to ensure that the country’s debt load is sustainable. “I’m not going to lend money if the risks regarding repayment are too large.”

--Editor: Patrick G. Henry

To contact the reporter on this story: Jurjen van de Pol in Brussels at jvandepol@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net


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