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Dutch far-right politician seeks to sink ESM nod

Tuesday, May 22, 2012 19:24

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Dutch far-right politician and eurosceptic Geert Wilders has gone to court to get the Netherlands to postpone ratifying Europe’s long-term bailout plan, his lawyer said Tuesday.

The European Stability Mechanism’s ratification is “illegal”, Wilders’ lawyer Bram Moszkowicz told AFP, adding: “We are asking, in taking legal action, that the Dutch government put the law on the shelf until after the elections.”

Wilders registered an interim application Tuesday before The Hague regional court, its spokeswoman Saskia Panchoe confirmed.

The action by the far-right leader comes a month after he walked out of talks with Prime Minister Mark Rutte’s coalition government over budget cuts, prompting Rutte’s cabinet to hang up the towel a few days later.

Polls to elect a new Dutch government are now slated for September 12.

The Dutch lower house of parliament is expected to approve the pan-European ESM plan on Wednesday.

A permanent rescue fund, the ESM was created to ease market pressure on indebted eurozone nations like Greece and prevent contagion across the eurozone and is due to be launched in July.

It will run in parallel with the temporary European Financial Stability Facility for one year.

The Netherlands is expected to contribute some 5.71 percent to the ESM. Source

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