Tag Archives: Social Agreement

The Dutch economy looks wobbly

I have written before on the state of the Dutch economy, with its key problems housing market, export/logistics-dependent economy and extremely high private indebtedness. But now a news article, following the so-called Social Agreement that was concluded yesterday, which shows the Dutch economy is wobbly (love that word, only not in the context of economics).

The Dutch government postpones action on cutting the budget deficit to 3% in order to gain the confidence/support of the labour unions and other social partners. I wonder how well that goes down in Germany and Brussels?