Dutch news in brief, 31 May 2005

31st May 2005, Comments 0 comments

Euro falls amid referendum concerns

Euro falls amid referendum concerns

The euro currency fell sharply to USD 1.2370 on Monday, the lowest level in seven months. The euro is under pressure as a result of the various national referendums in Europe over the union's Constitution. The euro has fallen by 4 percent in the past month and following the French 'no vote' against the constitution on Sunday, concerns have risen that European unification will be delayed. Reforms that many investors think are needed to stimulate the European economy might not be implemented. Moreover, the fall of the euro is also due to European economic growth lagging behind that of the US and Asia, leading to reduced attractiveness of the joint currency.

Man held for explosives threat

A 40-year-old Maastricht man was arrested on Tuesday morning after he broke into a home in the city at about 6.30am and threatened to blow himself up. His 45-year-old wife and her children — a 20-year-old male and nine-year old girl — barricaded themselves in a bedroom of the house until authorities rescued them with the help of a ladder. Police feared the man would blow the home up with gas and explosives and ordered the local gas company to cut off supply to the home. Police convinced the man to surrender at 8.30am. He was not in possession of explosives.

Amsterdam squatters evicted

Amsterdam police have evicted squatters from a building on the Rokin, raiding the premises at about 7am on Tuesday. Squatters resisted by throwing stones and paint bombs and set fire to a barricade placed on the tram tracks. Police arrested three people — one of whom allegedly had a Molotov cocktail — but said the burning barricade posed no great threat. One tram was delayed.

Miss Netherlands is no Miss Universe

Miss Netherlands Sharita Sopacua has missed out making the top 15 in the Miss Universe 2005 contest, won by 23-year-old Russian-born Canadian woman Natalie Glebova. Cynthia Olavarria, of Puerto Rico, finished as runner-up. The 54th staging of the contest was held in the Thai capital of Bangkok. An estimated 1 billion people watched it on television.

[Copyright Expatica News 2005]

Subject: Dutch news

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