Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
1024px-The_Union_Flag_on_Victoria_Tower
The Union Flag on the Palace of Westminster in London (Photo: Ввласенко/Wikimedia Commons) - Credit: The Union Flag on the Palace of Westminster in London (Photo: Ввласенко/Wikimedia Commons)
Business
bankruptcies
Brexit
Britain
economic growth
EU
Euler Hermes
European Union
free trade agreement
Johan Geeroms
United Kingdom
Wednesday, 25 May 2016 - 11:15
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Brexit could increase Dutch bankruptcies, dampen economic growth

Should the United Kingdom decide to leave the European Union, the number of Dutch companies that go bankrupt could increase by 2.0 to 2.5 percent, according to estimations from credit insurer Euler Hermes. The Brexit could also dampen economic growth in the Netherlands over the next three years - the economic growth will be 1.5 to 2.4 percent lower, NU.nl reports. According to Euler Hermes, the Netherlands will be affected disproportionately hard, like Belgium and Ireland. "Not only because they are neighbors with the United Kingdom, but also because the Netherlands and Belgium in particular are important European trading hubs", Euler Hermes risk manager Johan Geeroms explained. Should the Brits decide to leave the EU, Euler Hermes differentiates between two Brexit options - a "soft" option and a "hard" option. Which option will become reality depends on whether Britain decides to sign a free trade agreement with the European Union after 2019. The Britons will be casting their vote on whether or not the United Kingdom should stay in the EU in a referendum on June 23rd.

Follow us:

Latest stories

  • Beautiful summer weather to continue after heatwave
  • Some international students dropping out due to a lack of housing
  • Dutch woman arrested at Schiphol for assaulting crew on KLM flight from New Delhi
  • Bol.com IPO definitively shelved for the time being, says parent Ahold Delhaize
  • Watch out for riptides when swimming, rescue brigade warns as temperatures climb
  • Man arrested at airport for sharing pic of crashed plane shortly before departure

Top stories

  • Robbers target Ajax captain Dusan Tadic outside of his Amsterdam home
  • Supermarket prices up 18.5% in less than a year
  • Temps to 31 degrees today; Netherlands residents underestimate heat, says Red Cross
  • Covid patient total back below 800 after 10% drop; Infections fall by 31 percent
  • Widespread staff shortages, absenteeism also affecting government services
  • Eight hurt on carnival attraction in Venray

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content