Holland guarantees ‘a lot’, says IMF
The Netherlands is guaranteeing a high proportion of financial sector liabilities in relation to the size of its economy, according to the International Monetary Fund in a report published on Friday.
The size of Dutch bank guarantees and loans is around 33% of the national income, the IMF says.
The only developed economies guaranteeing more are Sweden and Ireland, the Washington-based organisation says.
Last year the government raised the guarantee on savings to €100,000 per account-holder per bank.
Among the smaller advanced economies, the Netherlands has also announced a large capital injection and asset-buying programme, accounting for 6.2% of GDP, the IMF said.
For the IMF report, click here
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