Holland Believes that Spain will survive the Economic Crisis

This morning Mark Rutte, Dutch Prime Minister, said that the only way for Spain and Italy will survive the financial crisis, is to continue approving cuts and making reforms in the labor market.

Rutte said that the capital injections are only “a pat on the back” and cannot slow down the approval process of reforms. Furthermore, he opposed the creation of any new mechanism to hold the crisis and said that “the starting point of Holland is to use existing instruments to stabilize the euro.”

(BG)