Dutch firm on eurobonds: EU ministers to meet again in two weeks
4 years, 9 months ago

Dutch firm on eurobonds: EU ministers to meet again in two weeks

Dutch News  

The Netherlands is opposed to issuing eurobonds as a way to soften the impact of coronavirus on the worst affected countries, prime minister Mark Rutte told reporters following Thursday’s online meeting of the European Council. ‘This is against the design of the EMU.’ EU leaders failed during the four-hour meeting to reach agreement about a package of economic support measures to soften the blow coronavirus has dealt to Europe’s economies. Both countries are seen as safe investments and enjoy low borrowing costs, and, according to the Financieele Dagblad, they fear that issuing eurobonds will impact on their status. ‘When Europe really needed an all-for-one spirit, too many initially gave an only-for-me response,’ she said at a meeting of the European parliament.

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History of this topic

Netherlands expects €1 billion less in EU Covid support
2 years, 11 months ago

Netherlands expects €1 billion less in EU Covid support

NL Times  

The Netherlands expects to receive over 1 billion euros less in European coronavirus support than previously thought, Finance Minister Sigrid Kaag wrote in a letter to parliament. The Netherlands now expects to receive 4.7 billion euros instead of the 6 billion euros the Cabinet previously assumed. The lower amount is because the Dutch economy sustained less damage from the coronavirus …

Netherlands among countries emerging most strongly from the crisis, Dutch PM says
3 years, 6 months ago

Netherlands among countries emerging most strongly from the crisis, Dutch PM says

NL Times  

The Netherlands might be one of the first countries in the western world to recover from the coronavirus crisis, Dutch Prime Minister Rutte suggested. Rutte said the Netherlands was "in a very good shape" despite the serious consequences of the ongoing health crisis. This was largely due to the billions in coronavirus aid packages quickly set up last year, and …

Dutch PM criticized over EU Covid recovery fund
4 years, 4 months ago

Dutch PM criticized over EU Covid recovery fund

NL Times  

Prime Minister Mark Rutte faced a lot of criticism in the parliamentary debate on the European Union coronavirus recovery fund. The recovery fund will contain 750 billion euros - 390 billion euros in subsidies, and 360 billion in loans to individual countries. The D66 was critical of the months of arguments and fights that preceded the agreement on the recovery …

Coronavirus could cause a new euro crisis: Dutch Planning Office
4 years, 7 months ago

Coronavirus could cause a new euro crisis: Dutch Planning Office

NL Times  

The coronavirus crisis could lead to a new euro crisis, the Netherlands office for economic policy analysis CPB said after analyzing the vulnerabilities of the financial system. Despite coronavirus support measures implemented by the government, businesses and households are facing increasing financial difficulties. It showed that a quarter of small and medium sized businesses need more money than support measures …

EU coronavirus recovery negotiations will take time, cautions Dutch PM
4 years, 7 months ago

EU coronavirus recovery negotiations will take time, cautions Dutch PM

Dutch News  

The Netherlands is involved in ‘intensive and constructive’ contact with other EU countries and members of the European Commission about plans to set up a multi billion euro coronavirus recovery fund, prime minister Mark Rutte told reporters on Wednesday evening. Encouraged Austria’s chancellor Sebastian Kurz told Politico.eu that he and the other leaders of the frugal four group have been …

EU coronavirus recovery negotiations will take time, cautions Dutch PM
4 years, 7 months ago

EU coronavirus recovery negotiations will take time, cautions Dutch PM

Dutch News  

The Netherlands is involved in ‘intensive and constructive’ contact with other EU countries and members of the European Commission about plans to set up a multi billion euro coronavirus recovery fund, prime minister Mark Rutte told reporters on Wednesday evening. Encouraged Austria’s chancellor Sebastian Kurz told Politico.eu that he and the other leaders of the frugal four group have been …

Netherlands presses counter-proposal to 'generous' EU spending
4 years, 7 months ago

Netherlands presses counter-proposal to 'generous' EU spending

NL Times  

The Netherlands is spearheading a counterplan to the 500 billion euro recovery proposal laid out by German Chancellor Angela Merkel and French President Emmanuel Macron on Monday. In a newly-drawn proposal on Saturday, the Dutch have asserted that loans, rather than grants and subsidies, should be available to the eurozone economies bearing the brunt of the unfolding economic crisis. The …

Netherlands urged to give a billion euros of support to African nations
4 years, 7 months ago

Netherlands urged to give a billion euros of support to African nations

NL Times  

The Netherlands must make 1 billion euros in aid available to combat the coronavirus and the crisis around it in developing countries in Africa, among others, the Dutch government's advisory council on international affairs AIV said in advise to the government on Monday, Het Parool reports. "Covid-19 is the first global crisis without American leadership and it intensifies the US-China …

Netherlands again criticized for lack of solidarity ahead of EU summit
4 years, 8 months ago

Netherlands again criticized for lack of solidarity ahead of EU summit

NL Times  

The European Union government leaders are meeting, via video call, on Thursday to discuss the so-called economic recovery fund to help EU economies recover after the coronavirus crisis. Over the past days, several politicians, including Italian Prime Minister Giuseppe Conte, again criticized the Netherlands for not showing solidarity with hard-hit countries. And that attitude is unlikely to change after today's …

Europe commits to €500 billion coronavirus support package; "Sensible and solidary", Dutch FM says
4 years, 9 months ago

Europe commits to €500 billion coronavirus support package; "Sensible and solidary", Dutch FM says

NL Times  

After a failed marathon meeting of some 16 hours on Tuesday, the Eurogroup managed to come to an agreement to help the EU countries most affected by the coronavirus crisis. The agreement "was not without a struggle", Minister Wopke Hoekstra of Finance said to NU.nl, but he is satisfied with the package, calling it "sensible and solidary". The European Finance …

EU finance ministers fail to agree on corona crisis funding
4 years, 9 months ago

EU finance ministers fail to agree on corona crisis funding

Dutch News  

Video talks between EU finance ministers on finding a solution to fund the corona crisis carried on deep into the night but ended without resolution as divisions between the Netherlands and Italy continued. Italy is known to be keen to use the European Stability Mechanism to help pay for the crisis, but Dutch finance minister Wopke Hoekstra is among those …

EU finance ministers fail to agree on corona crisis funding
4 years, 9 months ago

EU finance ministers fail to agree on corona crisis funding

Dutch News  

Video talks between EU finance ministers on finding a solution to fund the corona crisis carried on deep into the night but ended without resolution as divisions between the Netherlands and Italy continued. Italy is known to be keen to use the European Stability Mechanism to help pay for the crisis, but Dutch finance minister Wopke Hoekstra is among those …

Dutch Finance Min. optimistic about a deal on European coronavirus bailout
4 years, 9 months ago

Dutch Finance Min. optimistic about a deal on European coronavirus bailout

NL Times  

After over 16 hours of discussions overnight, the European Ministers of Finance still could not come to an agreement on a financial support package of 540 billion euros for countries hit hardest by the coronavirus. Dutch Minister Wopke Hoekstra of Finance is optimistic that a deal will eventually be reached, but is still sticking to the Netherlands' firm stance against …

Finance Minister defends stance against Eurobonds in parliament
4 years, 9 months ago

Finance Minister defends stance against Eurobonds in parliament

NL Times  

Finance Minister Wopke Hoekstra received support from a majority in parliament for the government's stance on European Union aid for countries in trouble due to the coronavirus. Later in the evening, reports emerged that the European Stabilization Mechanism could instead be used to make a quarter of a trillion euros available to help countries in the EU pay for the …

Dutch propose EU corona medical fund, will contribute up to €1bn
4 years, 9 months ago

Dutch propose EU corona medical fund, will contribute up to €1bn

Dutch News  

The Netherlands has proposed establishing an EU emergency fund to cover the immediate health costs associated with the coronavirus outbreak and, according to Trouw, is prepared to contribute around €1bn. The fund, prime minister Mark Rutte said during Wednesday’s debate in parliament, would be filled by contributions by member states and would be a ‘gift to those in need’ rather …

Dutch propose EU corona medical fund, will contribute up to €1bn
4 years, 9 months ago

Dutch propose EU corona medical fund, will contribute up to €1bn

Dutch News  

The Netherlands has proposed establishing an EU emergency fund to cover the immediate health costs associated with the coronavirus outbreak and, according to Trouw, is prepared to contribute around €1bn. The fund, prime minister Mark Rutte said during Wednesday’s debate in parliament, would be filled by contributions by member states and would be a ‘gift to those in need’ rather …

Netherlands willing to contribute €1 billion to EU coronavirus fund
4 years, 9 months ago

Netherlands willing to contribute €1 billion to EU coronavirus fund

NL Times  

The Dutch government is willing to contribute up to 1 billion euros to a yet-to-be-established European fund aimed at dealing with the coronavirus, Minister Wopke Hoekstra of Finance said. "I am thinking roughly of a few hundred million to 1 billion euros," Hoekstra said to NU.nl on Wednesday. Hoekstra stressed that the Netherlands is and will remain vehemently against so-called …

Netherlands' friendship with Italy not endangered by conflict over coronavirus aid: Italian PM
4 years, 9 months ago

Netherlands' friendship with Italy not endangered by conflict over coronavirus aid: Italian PM

NL Times  

The relationship between Italy and the Netherlands has not deteriorated due to the lack of European support to save the Italian economy, Italy's Prime Minister Giuseppe Conte said in an interview with the Telegraaf. Northern EU Members States like the Netherlands and Germany are currently holding back a European emergency fund for dealing with the coronavirus crisis. But not before …

Italian politicians criticize Netherlands over lack of solidarity
4 years, 9 months ago

Italian politicians criticize Netherlands over lack of solidarity

NL Times  

A group of 12 Italian politicians lambasted the Netherlands on Tuesday, angered by Dutch reticence to support European financial assistance to countries most affected by coronavirus. The Netherlands blocked emergency aid to EU member states, despite “using its tax system to withdraw tax revenue from major European countries for years,” they wrote in an open letter published in German newspaper …

Dutch criticized by fmr. Central Bank chief for not supporting coronabonds
4 years, 9 months ago

Dutch criticized by fmr. Central Bank chief for not supporting coronabonds

NL Times  

Former Dutch Central Bank head Nout Wellink has voiced his dissent against the government for its reluctance to embrace "coronabonds," a common debt instrument designed to support embattled Eurozone economies in the wake of the coronavirus health crisis. “A new crisis will begin as soon as this crisis is over: weak countries such as Italy, Spain, Portugal and Greece cannot …

Dutch firm on eurobonds: EU ministers to meet again in two weeks
4 years, 9 months ago

Dutch firm on eurobonds: EU ministers to meet again in two weeks

Dutch News  

The Netherlands is opposed to issuing eurobonds as a way to soften the impact of coronavirus on the worst affected countries, prime minister Mark Rutte told reporters following Thursday’s online meeting of the European Council. ‘This is against the design of the EMU.’ EU leaders failed during the four-hour meeting to reach agreement about a package of economic support measures …

PM Rutte denies blocking EU emergency fund for Covid-19 out of selfishness
4 years, 9 months ago

PM Rutte denies blocking EU emergency fund for Covid-19 out of selfishness

NL Times  

When the leaders of the EU Member States could not agree on a 400 billion euros emergency fund to absorb the blows of the coronavirus, there was criticism from other EU countries that the Netherlands was thinking only of itself in blocking this fund. The European leaders discussed the so-called European Stability Mechanism, the emergency fund containing 400 billion euros, …

Netherlands will not contribute more to EU budget, Dutch PM says
4 years, 11 months ago

Netherlands will not contribute more to EU budget, Dutch PM says

NL Times  

The Netherlands does not intend to contribute more to the European Union budget in the coming years, Prime Minister Mark Rutte said to EU president Charles Michel at a meeting in Brussels on Wednesday. The Netherlands together with Austria, Sweden, Denmark and Germany - called the "frugal five" by Rutte - wants to make cuts to the EU budget, instead …

Europe is about guaranteeing Netherlands safety: Dutch PM ahead of elections
5 years, 7 months ago

Europe is about guaranteeing Netherlands safety: Dutch PM ahead of elections

NL Times  

In the run-up to the European Parliament elections next week, Prime Minister Mark Rutte is talking about his vision for Europe. On Tuesday Rutte called FvD leader Thierry Baudet an 'attic room scholar' who is taking "irresponsible risks with our safety, our stability, and our prosperity" with his positive position on the Netherlands leaving the EU. The VVD leader therefore …

The Netherlands may not back eurozone budget plan, Hoekstra tells the FT
5 years, 9 months ago

The Netherlands may not back eurozone budget plan, Hoekstra tells the FT

Dutch News  

The Netherlands will not contribute to the current separate eurozone budget plans drawn up by France if it does not fulfill the Dutch government’s demands, finance minister Wopke Hoekstra has told the Financial Times. The Dutch government’s conditions include giving a veto on spending decisions to individual member states and Hoekstra has privately told the eurogroup he is ready to …

The Netherlands may not back eurozone budget plan, Hoekstra tells the FT
5 years, 9 months ago

The Netherlands may not back eurozone budget plan, Hoekstra tells the FT

Dutch News  

The Netherlands will not contribute to the current separate eurozone budget plans drawn up by France if it does not fulfill the Dutch government’s demands, finance minister Wopke Hoekstra has told the Financial Times. The Dutch government’s conditions include giving a veto on spending decisions to individual member states and Hoekstra has privately told the eurogroup he is ready to …

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