“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:
Bill Bonner: The Fed’s Big Lie
A Jail for Children
Edward Snowden vs. the Sovietization of America
Oil wars exploding; Gold surging
Tor and the Silk Road takedown
Pakistan: Geopolitical conundrum
Bill Bonner: Why the “Shutdown” Critics Have It All Wrong…
The "Blowback" That Neocons Do Understand
The Tide of Power
California D.A. Pockets Elderly Couple's $500,000 Bail Bond Money
Scalia Blows the Whistle on US Internment Camps?
Bill Bonner: Watch the Parking Meters
Doug Casey on Syria and the Global RoboCop
FISA-Gate: The Plot To Destroy Our Republic
No Military Coups for America? What About November 1963?