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Could Holland Ditch the Euro? Dutch MPs Order Probe into Whether Netherlands Could Leave the Single Currency – and How

Saturday, February 25, 2017 20:19
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from Daily Mail:

Dutch MPs are considering whether the Netherlands could ditch the Euro, after ordering a report on the future of the currency.

The country’s relationship with the single currency is set to be debated in parliament once the findings are published.

The probe, which will also look at how Holland might be able to pull out of the Euro, was prompted by concerns the European Central Bank’s ultra-low interest rates are hurting Dutch savers.

Dutch MPs are considering whether the Netherlands could ditch the Euro, after ordering a report on the future of the currency

The debate on the Euro will come after the country’s elections in March, which is expected to change the make-up of parliament dramatically.

While most Dutch voters say they favour retaining the Euro, Geert Wilders’ eurosceptic far-right party is expected to make large gains.

The parliamentary motion calling for an investigation into Holland’s future was tabled by Pieter Omtzigt, from opposition Christian Democrats.

The probe will examine whether it would be possible for the Dutch to withdraw from the single currency, and if so how. 

Omtzigt said: ‘The problems with the euro have not been solved. This is a way for us to look at ways forward with no taboos.’ 

The move  coincides with a rising tide of euroscepticism in Europe that populist parties are hoping to tap into this year, with national elections also taking place in France and Germany.

The most probable outcome of the General Election in Holland on March 15 is a new centrist coalition of some parties, including Omtzigt’s Christian Democrats, that have been vocal in their opposition to current ECB policy.

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