The Netherlands typefies a European Fear that any big fiscal stimulus might just benefit others
So, the main idea of this article how to find a solution of world economic crisis. At the G20 summit in London on April 2nd it was a disagree on the need between two sides Europe and America. How I understand, Europe members want to eliminate the crisis with fiscal policy assistance.
European government who is leading by Germany government want to try a first attempt before they make a big decision.
But there are another problems in politicks of EU government such as unemployment. soaring deficit and public debts. Unemployment is a national problem of EU, and it's a really big problem that should be solved.
The Dutch prime minister, Jan Peter Balkenende pointed out that EU governments were under "intense pressure to use scarce tax revenues mainly for our own countries". In Netherlands developed a vast finansial industry, but some parts of Dutch government such as Centre-right Christian Democrats worry about long-term solvensy of the country because the Dutch government doesn't give any guarantees to a massive financial groups as ING. After vising The Hague, somebody said that the Netherlands is crowded country with tough environmental laws, it means that in this country.
In the Netherlands unemployment forecast rises from 3.9% to 9% next year, so it's smaller than in USA. Dutch government want to make a stability in their country, to create higher welfare payments and to reduce the taxes. But there is another problem such as brutal deterioration of public finances, deficit has been revised to a 5.5%.
Lans Bovenberg of Tiburg University, says that Dutch government knows what to do for their sake and for another countries of Europe.
Revision Notes
7 years ago
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