Monthly Update The Netherlands
Economic Report Dutch version
In this Special Report we focus on these new proposals (‘Basel III’) and on the history that preceded them (Basel I & Basel II). What do these new requirements mean for the financial sector, and what do they mean for the Rabobank? Will the new capital requirements be able to prevent another crisis?
We expect Germany’s economy to be supported by the inventory correction as well as external demand in H1 2010. There are, however, significant downside risks to this forecast.
Rumours are mounting that a Greek syndicated bond issue is to be launched within days. This is an important event as the success or failure of such issuance will determine whether the Greeks have to go cap in hand to the European Commission or not.
The global financial crisis has brought the IMF, the World Bank and other International Financial Institutions (IFI’s) back to the spotlights. With large emergency loan packages, they have helped countries to deal with the severe economic shocks.
Dutch households withdrew €1.2 billion from savings accounts in October and November 2009. Does this mean that consumers are ready to increase spending? Or is this money merely meant to cover income losses?