The Netherlands one of Europe's fittest economies
With new measures to cope with the current sovereign debt crisis coming into force recently, UBS Investment Bank finds that the Dutch economy remains one of the fittest in the EU.
"Six-Pack"
The term “Six-Pack” refers to a new set of measures that comprise the reinforced “Stability and Growth Pact”. These measures consist of five regulations and one directive. They were proposed by the European Commission and approved by all 27 Member States and the European Parliament in October 2011. The “Six-Pack” then came into force on 13 December 2011 and sets rules for each country’s deficit and public debt, aiming to prevent macro-economic imbalances from occurring.
The Netherlands remains a top performer
UBS analyst Amit Kara examined 10 early warning indicators that offer a sense of which countries are in the best economic shape. The Netherlands was regarded to be in an excellent economic condition, performing well in eight out of 10 criteria.
Strong trade centre
Kara wrote on the business news website Business Insider: “The Netherlands is another economy doing reasonably well, and it is benefiting from being a trade center. The private sector debt here is high, and though the government debt is above 60%, that is a stringent criteria, and given that it is one of Europe’s bigger economies, they have a pretty strong scorecard.”
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