Tuesday, March 6, 2012

Wilders: The Euro has Slowed Dutch Growth

The British research office Lombard Street Research has analyzed on behalf of the Freedom Party the possibility of the Netherlands returning to the guilder as well as the possibility of a separate currency for Northern Europe. According to the study, the introduction of the Euro has caused major losses in affluence in the Netherlands. In the past ten years, the Dutch economy has grown 1.25% annually, whereas in the twenty years before, annual growth was 3%. In the past ten years, annual growth in Sweden was 2.25% and in Switzerland, 1.75%. Party leader Wilders said that a return to the guilder would mean a loss on foreign assets of 51 billion guilders, but would save the Netherlands 75 million guilders to keep the Euro functional. He asked for a referendum about the issue.

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