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Nexit Looms - Dutch Parliament To Debate Leaving The Eurozone

Nexit Looms - Dutch Parliament To Debate Leaving The Eurozone


Feb 25, 2017 7:30 PM

Submitted by Michael Shedlock via MishTalk.com,

Potential Eurozone disruption possibilities keep compounding.

For example, the Netherlands Parliament will now debate leaving the Eurozone.

In long-winded wording for a potential “Nexit”, Reuters reports Dutch relations with euro up for debate after lawmakers commission probe

The Netherlands’ future relationship with the euro will be comprehensively debated by its parliament following elections in March after lawmakers commissioned a report on the currency’s future.

 

The motion approving the investigation by the Council of State, the government’s legal advisor, coincides with a rising tide of euroscepticism in Europe, which populist parties are hoping to tap into in a series of national elections this year also taking in eurozone powerhouses France and Germany.

 

The probe will examine whether it would be possible for the Dutch to withdraw from the single currency, and if so how, said lawmaker Pieter Omtzigt.

 

Omtzigt, of the opposition Christian Democrats, tabled the parliamentary motion calling for the investigation, which legislators passed unanimously late on Thursday.

 

It was prompted by concerns the ECB’s ultra-low interest rates are hurting Dutch savers, especially pensioners, and doubts as to whether its bond purchasing programs are legal, he said.

 

Its findings will be presented in several months, by which time the make-up of parliament will have changed dramatically.

 

read more
http://www.zerohedge.com/news/2017-02-25/nexit-looms-dutch-parliament-debate-leaving-eurozone

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