Word: dutchness
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...Last Friday, the Dutch cabinet decided not to hold a referendum on the new Reform Treaty for the European Union (EU). European media outlets criticized the decision as an undemocratic move to push through a decision that would not pass in popular vote. They are probably right. And yet, the Cabinet is acting in the people(s) of Europe’s best interest...
...There's no Belgian nation. There's no Belgian anything.' FILIP DEWINTER, leader of the far-right Flemish nationalist Vlaams Belang party, on a plan to redivide Belgium into Dutch-speaking Flanders and French-speaking Wallonia, the two regions that united to form the country in 1830. Polls show as many as 40% of Belgians support the plan...
That's left Northern Rock hanging. But while the bank may have been brazen to rely so heavily on the markets, as a solvent lender with a good quality loan book, the hit it has taken from the subprime mess was unexpected. While French, German and Dutch banks have come clean in recent weeks over their direct exposure to low-quality U.S. real estate loans, it was the barren money markets those loans helped create that upset Northern Rock's model...
...German, French and Dutch institutions have already come unstuck through exposure to the subprime debts. Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...
...1960s, the Netherlands discovered huge deposits of natural gas in the North Sea. A windfall, right? Wrong. The discovery effectively hobbled Dutch industry, since any surge in revenue from natural resources - or from foreign aid, for that matter - tends to drive up exchange rates, making exports less internationally competitive. But thriving export industries, Collier argues, are precisely the reason for Asia's dramatic economic rise. They are also what Africa will need to develop in order to follow the same trajectory. Collier's idea seems to be sinking in: last month, the large international aid organization CARE announced that...