Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Euro
- Credit: Source: Wikimedia/Lars Aronsson
ABN Amro
Citigroup
credit crisis
Debt Crisis
dutch economy
ECB
European Central Bank
finances
Mario Draghi
Nick Kounis
quantitative easing
the economy
the Euro
triple-dip recession
Willem Butler
Tuesday, 26 August 2014 - 08:50
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Economists fear triple-dip recession

Economists from the Financieele Dagblad warn that preventative measures need to be taken to avoid a possible third recession. After the credit crisis and the debt crisis, there is a fear that The Netherlands could be headed for a triple-dip recession, the Algemeen Dagblad reports. National authorities and the European Central Bank (ECB) have to take stimulation measures to bring European interest back up out of historically low levels. On Monday, the euro dropped to the lowest value in 11 months, after ECB president Mario Draghi hinted at the need for quantitative easing. "The chances that the ECB introduces QE, have clearly increased", says Nick Kounis of ABN Amro. Willem Buiter, head economist from Citigroup, agrees with Kounis, and believes the ECB can no longer skirt a "major QE program."

Follow us:

Latest stories

  • CEO: Air France-KLM takes planet health very seriously
  • Cable car over Amsterdam IJ River could depart from Westerpark area metro station
  • Rotterdam's public transport company RET facing serious financial trouble
  • Lifeguards warn water still too cold for long swims despite rising temperatures
  • Dutch central bank leader Knot concerned after employees win substantial wage increases
  • PM Rutte acknowledges making mistakes with Groningen gas extraction

Top stories

  • Investigators find €80 million in cocaine at Dutch ports
  • Appeal denied: Joran van der Sloot temporarily extradited to U.S. tomorrow
  • Amsterdam to ban polluting traffic in large parts of the city from 2025
  • Hundreds of young Dutch people at risk of forced marriage during summer holiday
  • Dutch PM says blowing up Ukraine’s dam is a war crime
  • Grants will definitely replace student loan system this year; Applications start soon

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

Footer menu

  • Privacy
  • Contact
  • Partner content