Crisis limited in Holland: finance minister

The current worldwide financial crisis is the most serious since 1929 but the consequences for the Netherlands remain limited, finance minister Wouter Bos said at the weekend.

The comments were made in Washington where Bos was attending a meeting of the International Monetary Fund, reports Monday’s Volkskrant.
Bos and Nout Wellink, president of the Dutch central bank, also both expressed their displeasure at a recent survey by the IMF which claims that Dutch house prices are 30% too high, says the Volkskrant.
Wellink said that the report unfairly suggests that the Netherlands will be hit by a housing crisis similar to that currently affecting the US.

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