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De Jager Doesn’t Rule Out Ministers Discussing Spain Tomorrow

June 08, 2012

Dutch Finance Minister Jan Kees de Jager said he doesn’t rule out the possibility European finance ministers will tomorrow discuss the situation in Spain, whose banks need to be recapitalized.

“I don’t rule that out, but I can’t comment further on what we would discuss,” De Jager said in The Hague today when asked if European finance ministers would hold a conference call about Spain tomorrow. “The situation is urgent. We see what is happening in Spain.”

Spain is preparing to become the fourth euro-area nation to seek emergency assistance, with the currency bloc’s finance chiefs planning weekend talks on potential aid to shore up the nation’s lenders.

“The European aid fund isn’t able to directly recapitalize banks,” De Jager said, repeating the Dutch government’s position. “We always want the risk and the costs to be for the country where the banks are located.”

To contact the reporter on this story: Jurjen van de Pol in Amsterdam at

To contact the editor responsible for this story: James Ludden at

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