July 3, 2012 / 12:31 PM / 7 years ago

Dutch Senate approves euro zone's ESM rescue fund

AMSTERDAM, July 3 (Reuters) - The Dutch Senate approved on Tuesday the introduction of the euro zone’s permanent bailout fund with a two-thirds majority.

In a vote that went largely as expected, 50 members of the 75-seat Senate voted in favour of the European Stability Mechanism. The Dutch Lower House approved it with a two-thirds majority last month.

Dutch Finance Minister Jan Kees de Jager said before the vote that if a new ratification process was needed to allow direct capitalisation of banks by the ESM, it would be voted on by both houses of parliament.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below