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.
The vast majority of Dutch people think that Greece should stop complaining and accept the latest proposal by the European Union countries and the Intentional Monetary Fund on their debt problem.
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.
In spite of the slow recovery, Eurozone has taken important steps for strengthening of the currency union, wrote Netherlands Central Bank (DNB) president Klaas Knot. However, the emerging growth has to be perceived cautiously in the context of occurring political instabilities and fluctuating market sentiment, Mr Knot warned.
Euro-group chairman Jeroen Dijsselbloem (Minister of Finance) is pushing for an agreement to be made with Greece. The talks with Greece has been drawn out by quarreling and threats.
The number of unemployed in the Netherlands rose by 12 thousand in December and amounted to 642 thousand people, Netherlands Statistics announced today.
Klaas Knot, president of De Nederlandsche Bank (DNB), is against European Central Bank (ECB) president Mario Draghi's plans to turn on the money printing press. He also thinks that the Netherlands should further reduce mortgage tax credit.
According to Statistic Netherlands, the unemployment rate in the Netherlands has remained almost constant in the last three months. There were 630 thousand unemployed in the Netherlands in November, accounting for 8 percent of the workforce.
Although the Netherlands is lagging behind other European countries when it comes to economic growth, the European Committee expects the Dutch economy to finally rise above the 3 percent allowed budget deficit in 2015. The budget deficit for 2014 is still 3.2 percent, but is anticipated to be down to 2.9 percent in 2015.