Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Politics
currency change
euro
European Union
Frits Bolkestein
Thursday, 11 April 2013 - 08:48
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Parallel Currency

A new parallel currency alongside the euro should be established for creditworthy countries like the Netherlands and Germany. The 80-year-old VVD celebrity Frits Bolkestein declared this in the TV program Pauw & Witteman on Wednesday night. “France may not participate in the parallel currency,” according to the former leader of the VVD, “because the country is virtually bankrupt and not managed well.” The plans for the currency (e.g., the mark) for the creditworthy countries will have to come from the German Bundesbank. Bolkestein thinks that his plan will not be accepted immediately, but that it is just a matter of time. “In five years, they squeak.” “Europe,” according to him, “is only at the beginning of all the problems. It is now time to create order out of chaos.” With a parallel currency, the creditworthy countries could protect their own financial position. “The deficit countries will resist the devil from holy water,” expects Bolkestein. “But eventually the new, expensive, northern currency will also be good for their competitiveness.”

Follow us:

Latest stories

  • Confidence in Dutch government & central bank has fallen sharply
  • Air France-KLM, Lufthansa could acquire bankrupt Flybe to access landing slots
  • Dutch more worried about natural disasters; Half think country will become uninhabitable
  • Fundraisers start for victims of Turkey/Syria earthquakes; Dutch send 65 to search rubble
  • Over 35,000 Dutch people to vote in Provincial Council elections from abroad
  • Court orders Amsterdam landlord to refund €1,080 in "membership costs" to tenant

Top stories

  • Netherlands to send a search & rescue team to Turkey after 7.8 magnitude earthquake
  • Dutch employers becoming less critical during hiring process
  • Multiple writers receive threats after defending Pim Lammers, "Unacceptable": Dutch PM
  • Woman killed, 10 hurt in several stabbing incidents over the weekend
  • Regional bus, train staff start 5-day strike; Some Arriva trains running, NS unaffected
  • Police arrest suspect for fatal fire in Arnhem

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content