Saturday 11 July 2020

Dutch ‘not yet convinced’ about eurozone budget plan

Wopke Hoekstra (r2) and Belgium’s finance minister Johan Van Overtveldt (l2) in Brussels on Monday. Photo: Dursun Aydemir / Anadolu Agency via HH

Dutch finance minister Wopke Hoekstra is told hold talks with other European ministers in the coming days to discuss ‘stronger economic and financial cooperation within Europe’.

His comments follow Monday’s meeting of EU finance ministers to discuss plans for a specific eurozone budget, a move which Hoekstra has described as being ‘less than convincing.’

‘It is important to join forces for these sorts of issues,’ Hoekstra said on Twitter on Tuesday, adding that he is in close contact with Germany, France and the rest of the Benelux countries.

France’s finance minister Bruno Le Maire said on Monday that he had invited Hoekstra to discuss the issues surrounding the eurozone budget proposal, website Politico.eu reported.

Ahead of Monday’s meeting of EU finance ministers, Hoekstra said that Germany and France’s plan for a specific eurozone budget is ‘less than convincing’ and that it is ‘unclear why this would help and why this would be in the interest of Dutch citizens.’

On Friday, Paris and Berlin agreed on the framework of a eurozone spending plan to help promote greater convergence and help stabilise countries against future economic shocks.

France and Germany hope the new budget will be in place by 2021. As well as in the Netherlands, concerns remain in a number of other countries including the Nordic and Baltic states, Austria and Finland, the Financial Times reported.

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.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.