Don't miss

Replay


LATEST SHOWS

ACROSS AFRICA

African nations need to prepare for potential return of thousands of jihadists

Read more

EYE ON AFRICA

DR Congo former child soldiers awarded $10 mn in damages in landmark ruling

Read more

MEDIAWATCH

Website roots out "Rotten Apples"

Read more

THE WORLD THIS WEEK

Putin's press conference, Alabama election, One Planet Summit, Brexit Phase II, Disney & Fox

Read more

#TECH 24

WorldRemit: Helping migrant workers send money back home

Read more

FOCUS

The challenges awaiting the new leader of South Africa's ANC

Read more

THE INTERVIEW

Bangladeshi PM calls violence in Myanmar 'unacceptable'

Read more

DOWN TO EARTH

Was 2017 the worst year for the environment?

Read more

ENCORE!

Rhiannon Giddens strikes out on her 'Freedom Highway'

Read more

Business

Dutch govt rolls out €6bn stimulus package

Text by AFP

Latest update : 2008-11-22

The Dutch government announced Friday a six-billion-euro stimulus package, as well as official plans for the Fortis takeover of ABN Amro to "build a new, strong bank," in the words of Finance Minister Wouter Bos.

The Dutch government announced on Friday a six billion euro (7.5 billion dollar) economic stimulus package to help the country cope with the global financial crisis.
   
The six billion euros is equal to one percent of Dutch gross domestic product (GDP), the level likely to be agreed by the European Union for a joint regional stimulus plan.
   
"We can see that the economy has faltered badly," Prime Minister Jan Peter Balkenende said after a cabinet meeting.
   
A spokesman for the prime minister's office said the funds would come from budget reserves and be equal to about one percent of GDP.
   
The package includes fiscal measures which should improve corporate liquidity, he added.

Date created : 2008-11-21

COMMENT(S)