I have a number of links coming up in today's daily commentary. The likely topic will be US interest rates. But there is a second topic I wanted to riff on so I am posting here separately. I have just finished reading a Wall Street Journal article on the Netherlands and their fiscal woes. The article reads:
The Netherlands—By reputation one of the euro zone's strongest economic powers, the Netherlands is succumbing to some of the same problems afflicting the currency bloc's weakest economies.
The European Union expects the Dutch economy to contract 0.9% this year: In the euro zone, only Greece, Portugal and Spain are expected to perform worse. And that contraction could turn out to be deeper after the government enacts about €15 billion ($20 billion) in new austerity measures...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.