The restructuring deal agreed for Greece by the leaders of the 17 eurozone countries will stop the debt crisis spreading to other countries, prime minister Mark Rutte told reporters in Brussels.

‘It is about Greece but it is also about building a walkway between Greece and other countries,’ he said. ‘I think the financial markets will see that the package of measures is complete and will make sure the trouble facing Greece does not spread.’
‘We have thus sent a clear signal to the markets by showing our determination to stem the crisis and turn the tide in Greece, thereby securing the future of the savings, pensions and jobs of our citizens all over Europe’ the BBC quoted Rutte as saying.
Private sector lenders
Eurozone leaders have agreed to restructure Greece’s €350bn (£310bn) national debt in return for a second bailout package for the country. The bail-out involves €109bn from European governments, plus about €50bn from the banks over the next five years, with further contributions from them to follow, according to the Independent’s report.
Rutte said he is pleased that the package involves private sector lenders, something which the Netherlands and Germany were keen to see. MPs agreed earlier in the day to the Dutch approach. ‘The result shows the results of the Dutch approach,’ Rutte is quoted as saying by the Volkskrant.
ING is one of the banks which will be involved, according to website nu.nl.

Criticism
However, ‘no sooner was the ink on the agreement dry, than the criticism started,’ the Telegraaf points out.
Amsterdam University economics professor Sweder van Wijnbergen told the paper he had no faith in the deal whatsoever.
‘All they have done is delayed the problem,’ Van Wijnbergen said. ‘That makes it all more expensive. They should have intervened in May last year. But that did not happen and now this could end up costing the European taxpayers €150bn.’