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4/25/12

The Netherlands: Misleading articles in foreign press about the Netherlands abandoning the euro

Several misleading articles are appearing in the foreign press about the possibility of  the Netherlands leaving the euro.  Nothing is further removed from the truth say leaders from all political parties in the Netherlands, except Geert Wilders from the far right "anti-everything" PVV party, who is blamed for quitting the government after an agreement was reached on the austerity measures.

DigtalJournal writes: "The Netherlands has been drawn into the debt crisis in Europe as the government failed to agree on budget cuts, thus casting doubt on its support for the Euro zone. Elections are now planned for September and "analysts" have said that one of the EU's strongest economies might just bring about the demise of the Euro".

Russian TV reports: "The Dutch government has collapsed after failing to win coalition support for its austerity plans. Elections are set to be held in September and "analysts" say one of the EU’s strongest economies may bring the unified currency’s demise".

The Australian writes: One day after France's hard-right National Front enjoyed its best result in a presidential election, another far-right party in the neighboring Netherlands brought down the Dutch government rather than accept an EU-backed austerity programs.
The truth of the matter is that austerity measures aimed at balancing national budgets have led to drastic spending cuts by the mainly conservative governments across the continent, including layoffs and pay cuts for government workers, slashing of key services including welfare and development programs, as well as tax hikes to boost government revenues. These cuts however have spared the wealthy and corporations and politically we can expect to see center left and left parties who call for  more evenly spread austerity measures gain in strength around Europe.

Obviously, even though they are not saying it, the financial community, banking industry and Wall Street want nothing more than that Europe abandons the EURO because people would than once again have to pay the banks a commission for exchanging their money from one currency into another when traveling or doing business around Europe . 

As to the Far-Right parties in Europe gaining strength? Hopefully the majority of EU citizens will remember their history lessons as to what happened when they embraced that political ideology in the past. 

EU-Digest

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