Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tanzanian President dismisses almost 10,000 public servants over forged college certificates

Read more

MEDIAWATCH

French Election: Abstention, Anger & Apathy

Read more

THE WORLD THIS WEEK

Macron vs. Le Pen: France's bitter presidential run-off race (part 1)

Read more

REPORTERS

The booming business of cannabis in Spain

Read more

THE WORLD THIS WEEK

Trump's First 100 Days, The Pope in Egypt (part 2)

Read more

FOCUS

Egypt's Coptic Christians targeted by Islamic State group

Read more

THE CAMPAIGN BEAT

France's wartime past takes centre stage in presidential campaign

Read more

#TECH 24

How one NGO is using 3D printers to improve disaster relief

Read more

REVISITED

What remains of Nicaragua’s revolution?

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)