Dutch ? Dutch Finance Minister announced that saw a significant impact from the financial crisis experienced by euro zone, he informed through a letter to parliament, part of which was made public Saturday. If the debt crisis experienced in some euro zone countries still continues, the euro will not get 20% of its value, stock prices will decline 40% and real estate prices also slumped 20%, Dutch finance minister says.
The Netherlands is the country?s fifth-largest euro zone economy, which has significant exposure to the financial sector, and the scenario estimates that the Dutch government will have to help fund EUR20 billion into the industry if the debt crisis experienced by European countries still continues.
Finance ministry also predicted cases include not only the debt crisis in some European countries but the U.S. also included In that case, look at the numbers decrease of global trade which reached 15%, 30% decline of the dollar against the euro, and falling stock prices that reach 50%.
Dutch Parliament proposes state Department of Finance earlier this week had to do an assessment of the potential impact of the crisis in that country. Part of the study that led to the default Greeks who still has not made public.(WSJ.com)
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