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NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?

 
koze
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User ID: 11222564
Netherlands
04/02/2013 04:23 PM
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NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
More than a decade ago, the Dutch central bank recognized the dangers of this euphoria, but its warnings went unheeded. Only last year did the new government, under conservative-liberal Prime Minister Mark Rutte, amend the generous tax loopholes, which gradually began to expire in January. But now it's almost too late. No nation in the euro zone is as deeply in debt as the Netherlands, where banks have a total of about 650 billion in mortgage loans on their books.

Consumer debt amounts to about 250 percent of available income. By comparison, in 2011 even the Spaniards only reached a debt ratio of 125 percent.

The Netherlands is still one of the most competitive countries in the European Union, but now that the real estate bubble has burst, it threatens to take down the entire economy with it. Unemployment is on the rise, consumption is down and growth has come to a standstill. Despite tough austerity measures, this year the government in The Hague will violate the EU deficit criterion, which forbid new borrowing of more than 3 percent of gross domestic product (GDP).

Whole article here: [link to www.spiegel.de]
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koze  (OP)

User ID: 11222564
Netherlands
04/02/2013 04:30 PM
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Re: NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
I'm hearing a lot of people who want to get their money out the bank. Netherlands next Cyprus?bump
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Anonymous Coward
User ID: 37316213
Germany
04/02/2013 04:34 PM
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Re: NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
You too still think, the banks have your money? scheming
SWM
User ID: 6804520
United States
04/02/2013 04:54 PM
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Re: NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
and maybe you are just one of those frauds who play on the stockmarkets and went short... to enrich yourself over the heads of many many people ;)... good for you i guess then and to bad for you... iamwith
Anonymous Coward (OP)
User ID: 11222564
Netherlands
04/03/2013 02:45 AM
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Re: NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
bump
Anonymous Coward
User ID: 13183991
Russia
04/03/2013 11:24 AM
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Re: NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
damned
koze  (OP)

User ID: 11222564
Netherlands
04/03/2013 11:25 AM
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Re: NO NATION in the euro zone is as deeply in debt as the Netherlands. NETHERLANDS NEXT!!?
bump
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