Thursday, February 02, 2012

Lombard report on impoverishment of Dutch and Germans to end EU!

The morning newspaper from the Franco/Dutch island of St Maarten has an Opinion article which opened as follows yesterday:

Opinion: Wilders and the end of the euro

POSTED: 02/1/12 12:45 PM
In a couple of days the British economic research bureau Lombard Street Research will publish a report about the re-introduction of the Dutch guilder. The report was commissioned by the Freedom Party PVV. Observers expect that the report will blow up the eurozone within the next couple of months.
It remains to be seen whether this will really happen. Lombard is a known euro-critic. Its director Charles Dumas compared the eurozone a couple of weeks ago in London with a suicide pact.
According to Dumas, staying in the eurozone will cost taxpayers every year around €15 billion ($19.6 billion), while the tab for a country like Germany will be something like €60 billion ($78.5 billion).
And these are conservative estimates, Dumas added for good measure in an interview in the Dutch newspaper Algemeen Dagblad. He said that Greece and Portugal will have to leave the eurozone, and to expect that the Netherlands and Germany will leave in a hurry because if they don’t they will have to keep paying for the southern-European countries.

More on this interesting report may be read from this link.



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