Greece Will Go Bankrupt Without IMF, Says Eurogroup’s Dijsselbloem

Head of the Eurogroup Jeroen Dijsselbloem commented on Tuesday in the Dutch Parliament that Greece will go bankrupt should the IMF decide not to participate in the third Greek program.

Dutch newspaper, Financieele Dagblad, reported that Mr. Dijsselbloem expressed this view in reply to a parliamentary question posed by the Social Democratic Party.

This is the first time the Dutch finance minister has made such a statement in public, although he has already made it perfectly clear that in the case that the fund does not contribute to the program, the Netherlands will not provide financial assistance to Greece. The Eurogroup President according to the report, estimated that the negotiations with the Greek side will not be completed before the Eurogroup meeting on Monday. He also, said, according to the report, that the IMF needs to decide on its participation in the program and stressed that “the IMF does not want to abandon Greece either.”

“My job is to stabilize the situation in Greece. And this is in all of our interests. It is the best both economically and politically and that is what we will do,” he added.