NPR's Eric Westervelt scored an interview with Dutch Finance Minister Jan Kees de Jager. And Eric reports that he did not mince words.
The Netherlands and Germany, which have AAA credit ratings, hold great sway in whether Greece will receive a $170 million bailout from the European Union and the IMF. Without it, Greece would default on its debt and would almost certainly exit the monetary union. Eric asked Jager if Greece needed to do more beyond the tough set of austerity measures Parliament passed on Sunday and this is what Jager told him:
The Greece debt crisis has forced the country to look to the eurozone for a bailout. But Greece is looking less and less like part of Europe. In the capital Athens, they are still cleaning up from the weekend riots. Even in its tourist precincts, the area is shabby and covered with graffiti.
European Central Bank President Mario Draghi says he's been told by GreekPrime Minister Lucas Papademos that a deal has been reached on new austerity measures that Eurozone finance ministers have been seeking from Greece before it gets a crucial $173 billion bailout, The Financial Times is reporting.