September 11, 2012

Dutch Vote May Presage Euro Political Crisis

The Economist, The Economist

AP Photo

The Netherlands is a trading nation. Most Dutch remain instinctively pro-European. There is no popular call to leave Europe or the single currency. Yet many Dutch resent the idea that Europe might interfere with their health care and pensions. They no longer assume that dealmaking in Brussels is fair and do not trust their own politicians to sort out the mess. And they do not want to surrender more Dutch savings or Dutch sovereignty. To shore up the euro, Germany foresees give-and-take in which core countries pay to save the periphery in exchange for a more federal Europe. To the Dutch, that looks like take-and-take.

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TAGGED: Eurozone, Europe, Netherlands

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