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 coronabonds, where the funds raised from selling such bond instruments would be used to help all member states overcome economic hurdles during the ongoing health crisis. He said he will discuss this plan with European Council president Charles Michel, Italian Prime Minster Giuseppe Conte, and Spanish Prime Minister Pedro Sanchez in the near future.

Finance Italy Netherlands Fund European Hoekstra This Fund  states  netherlands  health  member  italy  contribute  coronavirus  billion  hoekstra  countries  eu  willing  minister  fund  european

History of this topic

Dutch finally publish first draft of EU recovery fund plans
2 years, 9 months ago

Dutch finally publish first draft of EU recovery fund plans

Dutch News  

Finance minister Sigrid Kaag has published a list of measures which the government wants to fund with money from the EU’s coronavirus recovery fund, all of which were part of the coalition agreement. Part of the package focuses on measures to help the environment, including the introduction of a carbon tax on heavy industry, a tax on airline tickets, the …

Dutch finally publish first draft of EU recovery fund plans
2 years, 9 months ago

Dutch finally publish first draft of EU recovery fund plans

Dutch News  

Finance minister Sigrid Kaag has published a list of measures which the government wants to fund with money from the EU’s coronavirus recovery fund, all of which were part of the coalition agreement. Part of the package focuses on measures to help the environment, including the introduction of a carbon tax on heavy industry, a tax on airline tickets, the …

NL may get over €1bn less from EU coronavirus recovery funds
2 years, 11 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News  

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

NL may get over €1bn less from EU coronavirus recovery funds
2 years, 11 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News  

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

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 …

GGD: Netherlands must spent additional €600 million per year to improve basic healthcare
3 years, 7 months ago

GGD: Netherlands must spent additional €600 million per year to improve basic healthcare

NL Times  

The GGD wants the new Cabinet to commit to spending an additional 600 million euros annually to help provide better quality healthcare. The coronavirus crisis has proven that “basic care is too impoverished,” and that “the Netherlands must be better prepared for health challenges and crises,” the GGD wrote in a statement. The Netherlands needs to be better prepared for …

Cabinet allocates €200m for coronavirus 'social support schemes'
3 years, 10 months ago

Cabinet allocates €200m for coronavirus 'social support schemes'

Dutch News  

The situation in the Netherlands with regard to coronavirus is ‘not looking great’, prime minister Mark Rutte told reporters at his weekly press conference after the cabinet meeting on Friday afternoon. The public health institute RIVM registered 4,385 new positive coronavirus cases in the 24 hours to Friday morning, which is well above the average over the past seven days. …

NL's coronavirus response not too late, but too lax, Dutch PM says
4 years, 2 months ago

NL's coronavirus response not too late, but too lax, Dutch PM says

NL Times  

Dutch Prime Minister Mark Rutte has "drawn the conclusion" that the Dutch approach to the coronavirus pandemic fell short, he said after a video-meeting with his European counterparts on Thursday. Cooperation and coordination with the other EU countries is important for simplifying travel, with uniform quarantine rules and recognizing other countries' Covid-19 test results, Rutte said. The European Commission made …

Budget 2021: 'little alternative to boosting spending' say the morning papers
4 years, 3 months ago

Budget 2021: 'little alternative to boosting spending' say the morning papers

Dutch News  

There is little criticism of the government’s 2021 spending plans in the morning papers, with most approving of the decision to keep on spending to head off the impact of coronavirus. ‘But no-one is talking about making cuts and putting up taxes, now that coronavirus has plunged the Netherlands into an economic crisis of unheard off proportions,’ the paper says. …

Budget 2021: 'little alternative to boosting spending' say the morning papers
4 years, 3 months ago

Budget 2021: 'little alternative to boosting spending' say the morning papers

Dutch News  

There is little criticism of the government’s 2021 spending plans in the morning papers, with most approving of the decision to keep on spending to head off the impact of coronavirus. ‘But no-one is talking about making cuts and putting up taxes, now that coronavirus has plunged the Netherlands into an economic crisis of unheard off proportions,’ the paper says. …

The political fringes fire at Rutte, but EU recovery fund support is assured
4 years, 3 months ago

The political fringes fire at Rutte, but EU recovery fund support is assured

Dutch News  

Prime minister Mark Rutte was criticised by far right and Socialist MPs during Wednesday evening’s debate on the EU €750bn recovery fund, but he was still assured of sufficient support for the Dutch position in the negotiations. In particular, the anti-immigration PVV and FvD said that Rutte had wrongly voted to give billions of euros to ‘poor’ member states. Roelof …

The political fringes fire at Rutte, but EU recovery fund support is assured
4 years, 3 months ago

The political fringes fire at Rutte, but EU recovery fund support is assured

Dutch News  

Prime minister Mark Rutte was criticised by far right and Socialist MPs during Wednesday evening’s debate on the EU €750bn recovery fund, but he was still assured of sufficient support for the Dutch position in the negotiations. In particular, the anti-immigration PVV and FvD said that Rutte had wrongly voted to give billions of euros to ‘poor’ member states. Roelof …

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 …

Dutch gov't borrowed €66 billion for Covid support
4 years, 4 months ago

Dutch gov't borrowed €66 billion for Covid support

NL Times  

The Ministry of Finance already borrowed 108 billion euros this year, the vast majority of which is reserved to fund the nearly 60 different emergency measures to help the country through the coronavirus crisis. So far the government reserved 37 billion euros for the first two sets of coronavirus support measures. For example, the government set aside over 9 billion …

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up
4 years, 5 months ago

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up

Dutch News  

The EU summit on a coronavirus bailout package ended early on Monday morning without success so far, reports NOS. ‘The conversations last night made progress on a few things,’ prime minister Mark Rutte said in a briefing on Monday morning. ‘It looks a bit more hopeful than when I thought last night: it’s over.’ The heads of all 27 EU …

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up
4 years, 5 months ago

Coronavirus EU bailout came ‘close to failure’ but new compromise being drawn up

Dutch News  

The EU summit on a coronavirus bailout package ended early on Monday morning without success so far, reports NOS. ‘The conversations last night made progress on a few things,’ prime minister Mark Rutte said in a briefing on Monday morning. ‘It looks a bit more hopeful than when I thought last night: it’s over.’ The heads of all 27 EU …

Still no deal on EU coronavirus recovery fund; Debate continues today
4 years, 5 months ago

Still no deal on EU coronavirus recovery fund; Debate continues today

NL Times  

After a weekend of tense discussions on an economic recovery fund to help European Union countries hit hard by the coronavirus pandemic, the 27 EU leaders still have not come to an agreement. Dutch Prime Minister Mark Rutte said that European Council president Charles Michel is working on a new compromise "and progress is being made", but added that the …

EU coronavirus fund debate enters third day after tense night
4 years, 5 months ago

EU coronavirus fund debate enters third day after tense night

NL Times  

Negotiations about the form of an immense coronavirus recovery fund started up again on Sunday after the debate between European Union leaders grew tense the previous night. A report from broadcaster RTL Nieuws told of Dutch Prime Minister Mark Rutte standing firm on those issues, prompting French leader Emmanuel Macron to "frenziedly" leave talks with the group. German Chancellor Angela …

Dutch gov't agrees to push extra money into development cooperation: report
4 years, 6 months ago

Dutch gov't agrees to push extra money into development cooperation: report

NL Times  

The coalition parties have come to an agreement to push a once-off amount of 500 million euros extra into the budget for foreign development cooperation, sources in The Hague told NOS. As the development cooperation budget is linked to gross national income, the economic crisis caused by the coronavirus threatened to lower this budget. But thanks to the measures the …

Netherlands already spent billions in fight against coronavirus
4 years, 6 months ago

Netherlands already spent billions in fight against coronavirus

NL Times  

Over the past few months the Netherlands already spent billions in the fight against the coronavirus, paying almost 1.5 billion euros for protective gear and other medical equipment, 700 million euros for coronavirus vaccines, and 300 million euros for tests, AD reports based on an interim change to the budget for the Ministry of Public Health, Welfare and Sports that …

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 …

European Union unveils $824bn coronavirus recovery plan
4 years, 7 months ago

European Union unveils $824bn coronavirus recovery plan

Al Jazeera  

Package seeks to avoid a further splintering of economic growth and wealth levels among EU’s 27 member states. The European Commission on Wednesday released details of a coronavirus economic relief package for member countries worth 750 billion euros. The blueprint envisions borrowing the funds and disbursing them as grants and loans to member states, with the lion’s share of aid …

EU plans to raise $825 billion for coronavirus relief
4 years, 7 months ago

EU plans to raise $825 billion for coronavirus relief

CNN  

London CNN Business — The European Commission has proposed giving hundreds of billions of euros to EU countries that have seen their economies devastated by the coronavirus pandemic, an unprecedented relief effort designed to ensure parts of the bloc aren’t left behind when the recovery comes. “We all understand the crisis is so huge we have to take unusual steps …

The EU is still divided over coronavirus relief. That could tear it apart
4 years, 7 months ago

The EU is still divided over coronavirus relief. That could tear it apart

CNN  

London CNN Business — A fight over how to fund the European Union’s recovery from the coronavirus pandemic is stoking tensions between wealthier and poorer countries, threatening to delay the region’s economic rebound and unleash political and financial forces that could pull the bloc apart. If we have another asymmetric recovery, then it will be very bad for the EU.” …

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 …

France and Germany back €500bn fund to help save EU
4 years, 7 months ago

France and Germany back €500bn fund to help save EU

The Telegraph  

France and Germany have proposed a €500bn recovery fund for struggling European Union economies as they battle to quell bitter infighting over the bloc's halting response to the Covid-19 catastrophe. Under new plans presented by French president Emmanuel Macron and German chancellor Angela Merkel, the 27 EU members would borrow jointly on financial markets to offer grants rather than loans …

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 …

Red Cross needs €30 million in coronavirus aid; biggest operation since 1953
4 years, 8 months ago

Red Cross needs €30 million in coronavirus aid; biggest operation since 1953

NL Times  

The Red Cross in the Netherlands expects to need 30 million euros to provide coronavirus aid throughout the Kingdom of the Netherlands. The coronavirus crisis triggered the biggest relief action since the massive flood of 1953, the Red Cross said, NOS reports. On all islands volunteers are providing information about prevention measures, and helping in areas of hygiene, water and …

Coronavirus expected to hand Netherlands worst-ever budget deficit
4 years, 8 months ago

Coronavirus expected to hand Netherlands worst-ever budget deficit

NL Times  

The Ministry of Finance is projecting a 92-billion euro budget deficit for 2020 in part because of all emergency measures the government is implementing to cushion the blow caused by the coronavirus pandemic. European Union member states are required to cap their annual budget deficit to three percent of GDP. Coronavirus caused a shocking financial twist for the Netherlands, which …

Netherlands contributes €50 mil. to international research for coronavirus vaccine
4 years, 8 months ago

Netherlands contributes €50 mil. to international research for coronavirus vaccine

NL Times  

The Dutch government is contributing 50 million euros to international research into a vaccine for the coronavirus, Minister Hugo de Jonge of Public Health, Welfare and Sports announced in a letter to parliament. CEPI expects to need around 875 million dollars, or around 804 million euros, this year for research. According to De Jonge, the development of a vaccine in …

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' 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 …

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, …

Dutch to decide next week about extending corona measures
4 years, 9 months ago

Dutch to decide next week about extending corona measures

Dutch News  

The Dutch government will decide next Tuesday if measures to combat the spread of coronavirus should remain in place after April 6. Rutte said that the cabinet would decide whether to extend the April 6 deadline would be taken on the basis of science. Asked about hints that the situation in the Netherlands might be improving, Rutte said: ‘at the …

Dutch to decide next week about extending corona measures
4 years, 9 months ago

Dutch to decide next week about extending corona measures

Dutch News  

The Dutch government will decide next Tuesday if measures to combat the spread of coronavirus should remain in place after April 6. Rutte said that the cabinet would decide whether to extend the April 6 deadline would be taken on the basis of science. Asked about hints that the situation in the Netherlands might be improving, Rutte said: ‘at the …

Number of Dutch coronavirus patients rises to 321, no school for thousands
4 years, 10 months ago

Number of Dutch coronavirus patients rises to 321, no school for thousands

Dutch News  

The total number of coronavirus patients in the Netherlands has risen to 321, with 56 new cases in the last 24 hours, the public health agency RIVM announced on Monday. Prime minister Mark Rutte insisted that the Dutch economy can withstand the impact of coronavirus after stock markets dropped sharply on Monday morning. Shell’s share price fell by 21.3% in …

Discover Related