December 26, 2011

De Jager: „If you have savings, spend them“

Nov 21th (article date 16th)
De Jager: "Als je geld hebt, geef het uit" (dut)


De jager: „If you have savings, spend them“

(dutch Finance)Minister De Jager calls on dutch citizens to withdraw their savings and to spend it. This is the best way to stimulate the economy according to him.

„if you have money spend it“ This statement was given by De Jager in Ruttes rapport (a political TV Q&As). He reacted with this upon assumptions the government should not take austerity measures during times of crisis. „The best thing is that private investors stimulate the market“

Dutch economy is shrinking

The central bureau for statistics published yesterday that the dutch economy is developing towards a recession. In the third quarter the economy shrunk 0,3% and for the next quarter the bureau expects also no growth.

Buffer of 6 Bn
According to the finance minister there is still a buffer of roundabout 6 Bn Euro before extra austerity measures have to taken. De Jager doesn't want the state debt to increase further because that is harmful for the trust in the dutch economy.

The results of lost trust
If trust decreases it will be more expensive for the government to lend money. Also can a worse performing economy deter investors.

Solution for the euro crisis
Minister de Jager stated further that he still believes in a solution for the euro crisis. „There are no easy solutions. They will go along with pain for countries but also for ourselves“ according to de Jager.

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