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Netherlands Claims Greece Will Go Bankrupt

According to the Dutch news program RTL Nieuws, the Ministry of Finance announced that Greece is not in the position to avoid bankruptcy.

The Dutch government noted that bankruptcy is a matter of time and the question is not the exact date but how this bankruptcy will be faced with less consequences.

Finance Minister Jan Kees de Jager noted that all scenarios are possible but did not go in further details.

Dutch banks are not going to be exposed much because they have lent a small amount of money to Greece in comparison to those given from France or Germany.

The possibility to adopt once more the singe currency of drachmas, is an issue that could be decided only by the Greeks, added the news program. Furthermore, former Greek  currency could turn out more expensive because paying off in a foreign currency could potentially be more harmful to the economy.

Source: News Boulletin

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