The housing market is the biggest problem facing the Dutch economy, a member of the European central bank’s board says in an interview with Monday’s Financieele Dagblad.
‘I understand things are being done about it. But solving housing market problems takes years,’ Jörg Asmussen told the paper.
In order to get the European economy moving again, banks must improve their loan provision. But in the Netherlands, mortgages are putting enormous pressure on the banks financial positions, Asmussen said.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.