FC Twente is threatening to file for bankruptcy if the Enschede city council does not stand guarantee for 7 million euros, newspaper Tubantia reported on Thursday. There is not much political willingness to stand guarantee for more money for the football club, sources told the newspaper.
The debts of investors, home buyers, consumers, companies, and governments are rising to dangerously high levels world wide, Nout Wellink and Hans Hoogevorst warn in the Telegraaf.
Wellink and Hoogevorst were in charge of Dutch central bank DNB and Dutch authority on financial markets AFM respectively during the financial crisis that started in 2008.
According to the two financial experts, there is insufficient clarity on where the risks are, which means that markets could underestimate the rising deficits. They call te banking sector a particular cause of concern.
The national student loan debt is at its highest level ever, according to figures from education organization DUO. In total students and former students currently owe 17.6 billion euros to the state, compared to 12 billion euros five years ago, the Telegraaf reports.
The number of personal bankruptcies dropped to its lowest level since 2000 in 2016, continuing the downward trend of the last three years, Statistics Netherlands said on Tuesday. Last year there were a 1,545 personal bankruptcies in the Netherlands, about a quarter less than in 2015 and 62 percent less than in 2013.
According to Statistics Netherlands, the decrease can be attributed to the fact that economic conditions in the Netherlands improved significantly since 2013.
The administrators working on fashion retailer MS Mode's finances are filing for bankruptcy for the company. The current situation is no longer tenable, the administrators said to NU.nl. Dismissal will be requested for the 660 employees working at the 130 MS Mode branches in the Netherlands.
A Zoetermeer family almost lost their cat in an auction. The family's possessions are being auctioned off on Wednesday because they did not pay their debts and the cat was listed as one of their assets. The cat was removed from the auction on Tuesday afternoon for unknown reasons
Government institutions need work more closely together when it comes to recovering outstanding debts from citizens. This should prevent an accumulation of debt claims increasing citizens' financial problems, State Secretary Jetta Klijnsma of Social Affairs and Employment wrote to Parliament on Tuesday.
Despite a few difficult years during and following the financial crisis, the Netherlands' national wealth continued to grow and is currently standing at a staggering 3.7 trillion euros, according to figures Statistics Netherlands released on Thursday. That is 3.7 with eleven zeros.
More than half of Amsterdam's young people are in debt, some even to such an extent that they cannot get out without assistance.
The International Monetary Fund believes that the Dutch tax system encourages the accumulation of debt and has advised the Dutch authorities to address the situation. According to the IMF, both Dutch businesses and individual consumers are guilty of borrowing too much.
Consultancy and service firm Royal Imtech N.V. formally entered bankruptcy protection on Thursday. The fate of part of the Gouda-based company's workforce, including 22,000 global employees, of which 2,700 are in the Netherlands, is not yet known.
The Greek Tourist Board criticized the Dutch travel agent association ANVR after advising tourists headed for Greece to take extra cash with them. The recommendation was made in case Greek banks are no longer able to replenish ATMs, either because of a national bankruptcy or because of a bank run.
Dutch economic performance is moving towards the forefront of the Eurozone, said Finance Minister Jeroen Dijsselbloem in response to positive statements from the central bank (DNB) essentially declaring an end to the economic crisis in the Netherlands. However, high levels of unemployment and outstanding household debt still remain large problems for society and the economy, the minister said in an interview with DFT.
The number of people who need professional debt counselling increased in 2014. The average debt also increased.
Companies are taking less time to pay their bills than any other time in the last decade. It takes an average of 43.4 days for a company to repay a bill, which is the lowest in the last 13 years, according to the data on payment behavior from the rating agency Graydon.
Bussum Mayor Henk Heijman may be forced to retire following the recent questions about his housing alliance. The faction heads of the Bussum city council will discuss his fate next week, Bussum Nieuws reports.
The University of Amsterdam's financial debt will be monitored by the Education Inspectorate, Minister Jet Bussemaker said on Wednesday.
Tens of thousands of Dutch people with financial problems are not getting the professional help they need from their municipalities - an unacceptable situation, according to State Secretary Jetta Klijnsma of Social Affairs.
Benefits agency UWV has decided to play a more active role in helping those who are receiving a benefit and are struggling with debt, by asking people to report their debt to them. This is decision was based on the results of a study commissioned by UWV.
Individuals who undergo debt restructuring of their are increasingly aged 45 or above. Divorces and a decline in income are the most likely causes of a growing number of restructuring cases, and older individuals are finding themselves in difficult financial situations more frequently, reports Statistics Netherlands (CBS).
It is still possible that Greece will exit the euro zone (the so called Grexit), Frans Timmermans, the Vice President of the European Commission, said on the television program Buitnhof yesterday. He also called the threat made by the Greek minister of defense to open up the borders for ISIS-combatants if Europe does not give Greece favorable conditions "insane and outrageous", NU reports.
The basic grant for students will soon be a thing of the past. The First Chamber approved the introduction of a loan system last night.
Customers of addiction rehabilitation with debts are at high risk to re-offend. This is according to a research report from Hogeschool Utrecht.
The debts of individuals must be bought on a large scale by a national investment fund.