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3/5/12

Is Geert Wilders talking nonsense again when he says Netherlands should exit Euro" ?

Obviously Wilders is talking nonsense to further his own cause. If the Netherlands went out of the euro all it would do is make the banks richer while exchanging guilders for euro's or other currencies, make the Netherlands less competitive, cut off some of the Netherland's lucrative trade with European partners, increase the risk of inflation, and cut off some, if not all EU subsidies.

“The Netherlands can exit the euro, but you have to be honest, it’ll cost money,” Wilders told reporters in The Hague today, citing the findings of a report by London-based Lombard Street Research commissioned by his party.

Wilders, whose lawmakers support the minority coalition of Liberal Prime Minister Mark Rutte on most subjects, said a referendum is needed on whether the Netherlands should stay in the euro area. The ruling Liberals and Christian Democrats rely on the opposition Labor Party to back their European policy as self centered Wilders opposes further financial aid to debt-ridden euro countries.

“The importance of the euro zone can’t be underestimated and one shouldn’t make the calculations in the first five or 10 years,” European Union President Herman Van Rompuy said in an interview with Dutch television program Buitenhof yesterday, before the report was published. “I haven’t seen this study, but I assume that you can always find a research institute to prove what you want to be proven.”

Some of Rutte's coalition including CDA party members are suggesting that Mark Rutte should reshuffel his coalition government by bringing in one or two more moderate opposition parties and get rid of Geert Wilders and his PVV as  "pesty" supporter of his cabinet.

EU-Digest

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