Dutch Daily News 29/11/2013: Not our third A!!

Dear DutchReview readers, welcome to your Daily Dose of Dutch news, brought to you by Abuzer van Leeuwen.

Can anybody recall the nineties? Oh man, almost no unemployment, the Dutch squad brought Dennis Bergkamp to the game and our economy and credibility was even more robust than that of Germany. Those were the days! All we had to do was sit back while calling all the Southern Europeans lazy. All is down the drain nowadays, but we still had one thing left: our triple A status. (aka AAA).

Lazy brown countries!
Lazy brown countries!

However, disaster struck the Low Lands: credit rating agency Standard & Poor’s has lowered its status for the Netherlands from AAA to AA+ with a ‘stable’ outlook. In a regular American highschool this would mean the max rating, even an ‘A’ too much, not in this case however. The organization said in February its outlook for the Netherlands was negative. The most important motive for the downgrade was the weak economy and meager prospects. Economic growth is lower than S&P had expected. Gross domestic production is also lower than that of comparable countries. In short, we screwed up. Big time.

As you can read in the article (it’s in Dutch), politicians are to blame for failing to redesign our mortgages interest structures. Any Dutch person can remember former Prime Minister Balkenende just laughing away possible restructuring of the ‘hypotheekrenteaftrek’ (try and pronounce that correctly as a non-native speaker).

Thanks Jan Peter!

And if there’s one thing that the Dutch people don’t like it’s losing our fat third A. Repercussions followed immediately and the ministry of Finance in The Hague was smoke-bombed. The man, 35 years old, was apprehended by the police after his rebellious act.

That’s it for this week, enjoy the weather.

Weather report Netherlands

Abuzer van Leeuwen 🇳🇱http://www.abuzervanleeuwen.nl
Founded DutchReview. Rotterdammer living in Leiden. Politics, innovation and epic food-reviews are his thing. Interested in doing anything with DutchReview? Contact him at abuzer[at]dutchreview.com

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related posts

Latest posts

Did the Netherlands break the Climate Accords? Environmentalists angered by budget decisions

Between the Dutch government's shifting focus to underground CO2 storage and raising the limit on CO2 that may be stored with government money —...

Check out these 5 cool and upcoming ecovillages in the Netherlands

Sometimes, the Dutch can be innovative and forward-thinking. Dutch brains gave birth to the Delta Works, the microscope, Wi-Fi, orange carrots, and of course,...

It’s happening! a tax-free work-from-home allowance may be coming your way

There was no golden carriage, no waving from the balcony, no pomp and circumstance. However, yesterday was indeed Budget Day in the Netherlands —...

The latest Dutch news.
In your inbox.

 
 
X