Archive for May, 2013

Telegraph: Debt-crippled Holland falls victim to EMU blunders as property slump deepens

“The Netherlands bears striking resemblance to Spain and Ireland two or so years ago,” says Stephen Jen from SLJ Macro Partners. Holland has a fat current account surplus of 8.3pc of GDP and a savings rate of 26pc, but Mr Jen says such “virtues” did not prevent Japan succumbing to the after-shocks of its housing crash.

Read the original article on the ‘Telegraph’ website.