posted on Sep, 18 2013 @ 11:10 AM
For many years the Netherlands has fared well, but the EU and euro has ruined this country and every other memberstate in the eurozone.
This will not stop and will not get better because the root of the problem lies in the implemention of the euro and credit policies.
But also dutch policies have done much damage.
For years people were able to lend more than what was healthy in terms of financial housekeeping, which has led to a bubble in house prizes and overal
This has been adressed which has effects, house prizes are imploding leaving many home buyers with a mortgage debt higher than their home is worth,
people are in debt and don't spend anymore causing shops and other business to go bankrupt and that means people lose their job.
This is a spiral that strengthens itself, those people who lose their job will have a very hard time to be able to find a new job, but the bills keep
In a normal situation a country can depreciate its currency to kickstart the economy by making labour and export cheaper while import is more
With the euro this is not possible anymore, but every memberstate has to pay billions to the EU so they can spend it elsewhere and of course the EU
politicians need to be paid there high saleries and pension and so on, for them it is heaven.
But beside that every member state also has to pay billions in bailout money for debt laden member states which are cut of from the capital
This can and will not last, inevitable the euro is going to break up with the northern members states as the biggest losers, Finland, Germany,
Before the crisis, the state debt of the Netherlands was 43 percent, it is now well over 70 percent and rising fast.
Because there is no possibility to depreciate the currency, the only option is to cut spending in a harsh way as the government is doing for the last
This leads to high unemployment and poverty, less income revenue for the state, but more social benefits for the unemployed.
So again there arises a need to cut even more spending, a downward spiral.
Wait for it, after the German elections there will be firework, the eurozone simply cannot continue like this.