Friday, 17 October 2014 - 15:30
Too early to fear 2nd economic crisis: Dijsselbloem
Minister of Finance Jeroen Dijsselbloem considers it too early and "too somber" to already say that a new economic crisis is on the way. Although the International Monetary Fund (IMF) recently warned that the probability of a recession has increased, Dijsselbloem points out that the IMF estimates a 40 percent chance. "It's not as if a new fact was created," says the minister. Dijseelbloem further pointed out that the Netherlands and other European countries are gradually coming out of the dip. "We have taken many measures." According to the Minister, the Netherlands has not yet been affected by the current dip in the German economy, and he does not know whether this decline is permanent. The situation has much to do with the consequences of the crisis in the Ukraine, according to him.