Dutch economists call on PM for action

21st November 2011, Comments 2 comments

Four prominent Dutch economists have called on Prime Minister Mark Rutte to urge his fellow European Union leaders to implement the measures to help the euro that were agreed at the end of October.

In an open letter to the prime minister, the economists said the Eurozone countries must be prepared to make more money available to the European emergency fund in order to prevent the Eurozone falling apart. They say rapid steps to implement the measures agreed at the end of October must be taken, the most important of which is the “considerably larger European emergency fund."

The economists warned of the increasing unrest on the financial markets and say there is already speculation about the collapse of the Eurozone. This, they say, will lead to “considerable economic and financial losses in the Netherlands and other Eurozone countries and knock European integration back by several decades."



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2 Comments To This Article

  • Henk Krake posted:

    on 22nd November 2011, 04:39:54 - Reply

    In general I agree with Mr. Pearson. However the ramafications of in-action are far more serious than expected. The lack of due dilligence at the beginning of the establishment of the Euro as a (total) European currency ,is now becoming almost the downfall of the entire european market . I hope that the real financial participation of each well run country will safe us from dissaster. Holland is being praised as one of the few countries that has done well!! keep it up
  • Rick Pearson posted:

    on 21st November 2011, 11:33:28 - Reply

    Never has increasing debt levels got anyone out of trouble that originally got into trouble by borrowing too much - WHEN ARE WE GOING TO LEARN THIS?? As Einstein said "insanity is doing the same thing and expect a different result". The question should be "what do we need to do to get ourselves back up to where we were pre The Crash" The Crash is going to happen, it cannot be stopped, there's too much debt in the system and it is economists