With an economy that is shrinking even more than expected the Netherlands is doing worse than 21 other countries of the European Union. Only the economies of Cyprus, Greece, Spain, Italy and Portugal are shrinking more than the Netherlands. The economies of 17 other countries are growing.
A new parallel currency alongside the euro should be established for creditworthy countries like the Netherlands and Germany. The 80-year-old VVD celebrity Frits Bolkestein declared this in the TV program Pauw & Witteman on Wednesday night.
“France may not participate in the parallel currency,” according to the former leader of the VVD, “because the country is virtually bankrupt and not managed well.” The plans for the currency (e.g., the mark) for the creditworthy countries will have to come from the German Bundesbank.