Dutch banks ABN Amro and ING were both hit by DDoS attacks over the weekend, leaving customers unable to use their mobile- or online banking for hours at a time, NOS reports.
In a DDoS attack large amounts of data traffic is sent to a particular website, overloading its server and thereby crashing the site.
More government budget cuts may be inevitable, according to Klaas Knot, president of De Nederlandsche Bank. "If the structural deficit increases, politicians will again have to take a critical look at government spending", he said
The new financial advisory board (FSC) of the government believe that maximum mortgage in the country should not exceed 90 of the house price. They say it would help prevent people getting stuck with residual debt.
Companies can help stimulate the economy by increasing worker wages well above the current low rate of inflation, said Klaas Knot, President of the Dutch Central Bank. An improvement in purchasing power is the best way for the Dutch economy to move forward, he said at the International Monetary Fund meeting on Friday.
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.
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.
The supervisor of De Nederlandsche Bank says that the positive mood in the financial markets may just turn.
The euro as a currency was at its breaking point in 2012. "There were moments when the Dutch Central Bank (DNB) anticipated several scenarios and prepared for the worst," said DNB president Klaas Knot in the TV program College Tour, Friday evening.
The Dutch Bank (DNB) published its annual report today, revealing the bank managed to decrease her balance with 40 percent, to €159 billion.
With 0.1% growth in the Dutch economy last quarter, new statistics released by the CBS show the Dutch recession has come to an end. The growth was demonstrated in the third quarter of 2013, compared to the previous quarter.
