Don’t speculate with public money, minister tells councils

The cabinet wants local authorities to be more open about their financial affairs, especially their role in risky derivatives trading, home affairs minister Ronald Plasterk told RTL news.

The minister wants to stop councils speculating with public money because of the huge financial risks it brings, RTL reported. ‘I am going to ask the council watchdogs to make sure everything is happening according to the rules,’ the minister said.
Nevertheless, an outright ban on derivatives trading is unnecessary, Plasterk told the broadcaster.
Agree? Use the comment box below.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation