tax Cuts for households, housing aid, “green” investments: the Dutch government has initiated a turning point budget, agreeing to loosen the purse strings to support its economy, slowing down.
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The country is a good student in Europe to be the first to have responded to the call of Mario Draghi, president of the european central Bank (ECB), to take over the reins of monetary policy by the public expenditure. It contrasts as well with the Germany, who stubbornly refuses, despite pressure insistent, especially from France, to deviate one iota from their dogma of a balanced budget.
“We are working not only to our current prosperity, but also that of future generations”
The Hague does not, however, in a frenzy of reckless spending. It should keep, the next year, a budgetary surplus of 0.3% of GDP against a surplus of 1.2 per cent this year. But the inflection is sufficiently marked to be …
