Category Archives: financial crisis

Dutch disease

In the UK Telegraph Ambrose Evans-Pritchard does the Netherlands in a way we don’t hear even from our own commentators: As if matters were not bad enough already in Euroland: Dutch retail sales collapsed by 11pc in April, even worse … Continue reading

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In the Netherlands the current economic crisis is most acutely felt by those trying to sell their house: Nobody’s buying. This is not a huge surprise, given the governments measures to curb mortgage lending (no more mortgages of 120% of … Continue reading

Posted in economy, financial crisis, the netherlands | 4 Comments

That Belgian bank

Over on ZeroHedge somebody is seriously flabbergasted about the financial sink-hole Dexia and Belgium have got themselves into. For starters, Dexia had 566 billion euros in debt and 19 billion euros in equity as of the end of 2010. Right … Continue reading

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Your Sunday read(s)

For the second time in as many weeks I’ve come across a post highlighting an aspect of the current global economic crisis that is worrying and potentially very dangerous. Golem XIV has a post up entitled Democracy or the Banks … Continue reading

Posted in democracy, economy, euro crisis, europe, financial crisis, freedom | 3 Comments

Breaking: Greece

Via Zerohedge we get the Financial Times breaking news that Greece is broker then broke and the bail-out package agreed last July 21 may have to be broken open and renegotiated. A split has opened in the eurozone over the … Continue reading

Posted in EUnion, euro crisis, financial crisis | 1 Comment

Lost faith

Via His Grace (and do read the comments), we get a independent trader telling the BBC an unexpectedly frank bit of unvarnished truth. The reaction of the BBC staff at the end of that item is worth the price of … Continue reading

Posted in cultural marxism, economy, EUnion, europe, financial crisis, politics, the netherlands | 6 Comments

Storm heading our way

Today is Prinsjesdag, the Dutch version of Budget day. It is the day on which the reigning monarch of the Netherlands (currently Queen Beatrix) addresses a joint session of the Dutch Senate and House of Representatives in the Ridderzaal or … Continue reading

Posted in economy, financial crisis, the netherlands | 5 Comments

Not a little fishy

So yesterday Dutch Second Chamber moved that Finance minister Jan Kees de Jager (CDA) should lay out all scenarios for the euro-crisis considered by the ministry. The letter sent to second Chamber, however, does not contain any scenario being prepared, … Continue reading

Posted in economy, EUnion, financial crisis | 2 Comments

Ready for the fall

After the Germans now the Dutch banks are admitting to making preparations (NL) for a Greek default. The Dutch financial sector is increasingly preparing for a bankruptcy of Greece. Scenarios are taken off the shelve and risks are being discussed. … Continue reading

Posted in financial crisis, the netherlands | 2 Comments

Very cross

In the Financial Times an article telling the world that if there’s a people even more frustrated with the EUnions management of the euro-crisis then the Germans, it is the Dutch. [The Dutch] are founder members of the EU, a … Continue reading

Posted in EUnion, financial crisis, the netherlands | 1 Comment