“Consumer debt in the Netherlands has hit 250% of available income, one of the highest levels in the world. In Spain, by comparison, it has never gone above 125%. The Netherlands has turned into one of the most heavily indebted countries in the world. It has slumped into recession and shows very little sign of coming out of it. The euro crisis has been dragging on for three years now but so far has only infected the peripheral nations within the single currency. But the Netherlands is a core member of both the euro and the European Union. If it can’t survive in the euro zone, then the game really will be up.”
http://www.marketwatch.com/story/stodgy-netherlands-is-nation-thatll-blow-up-euro-2013-05-08
Related posts:
The Minimum Wage Is Cruelest To Those Who Can't Find A Job
James Bovard: Comey firing justly knocks FBI off its pedestal
Jacob Hornberger: A Glimmer of Light from Switzerland
The Dead-Head Fed And “The Only Road to Riches”
Save Silicon Valley -- abolish patents now
Chauvinists and Other Anti-Peace Voices
Hackers Can Use Your Car to Kill You
Threat from China Is Being Hyped
Daniel Hannan on Statism and Detroit: My Analysis
British 'End of Life' Panels Are Bad News for Everyone
Ron Paul: Inflation is a Monetary Phenomenon
Greek Dilemma: A Product of the Dialectic
You Don’t Need a Weatherman to Know Which Way the Wind Blows
US Elections: Far Worse Than Iran
Obama: Fool Me Thrice, Shame on Whom?