UPDATE 1-Dutch parliament approves Greek aid package

* Dutch approval follows French and German green light

* Parliament asks govt to ask Dutch banks to contribute

(Adds parliament approval of package)

AMSTERDAM, May 7 (BestGrowthStock) – The Dutch parliament on Friday
approved a contribution of up to 4.7 billion euros ($6.3
billion) to a 110 billion-euro European Union and IMF rescue
plan for debt-stricken Greece.

A majority of parties — including the Christian Democrats,
Labour, Liberals, Christian Union and Green Left — rejected a
motion to block the aid, giving the Dutch government the green
light to release the aid in the next three years.

The parliament approved a motion asking the government to
start an initiative, in Europe or the Netherlands, for financial
institutions to help finance part of Greece’s debt by buying
Greek treasuries.

Dutch Finance Minister Jan Kees de Jager said before the
motions were put to a vote that he had already received support
from the Dutch banking association NVB and would talk with its

NVB said on Thursday that banks would support the EU-IMF aid
plan, and banks with exposure to Greek debt had agreed they
would not speculate against those assets.

Major Dutch employer organisations are against Dutch bank
help for Greece, arguing it could damage lending in the Dutch

France has approved the aid deal, and the German parliament
gave support earlier on Friday. [ID:nLDE6460QV]

Investing Advice
(Reporting by Gilbert Kreijger; editing by Andrew Roche)

UPDATE 1-Dutch parliament approves Greek aid package