Tuesday, April 20, 2010

IMF Sets Strategy For the Dutch Banks


Ina time of economic hardships being felt around the world, the news of the Netherlands indicates that their country has also felt the effects of the economic decline.

The International Monetary Fund feels that the banks in the Netherlands should spend $2276 mrd. between the years of 2007 & 2010. The IMF has set up a strategy in hopes to prepare for any future mishaps.

The IMF does warn that due to the deficits and debts being accumulated by other countries in need, the current crisis can be extended and effect the market much longer than anticipated. Reports Het Financieele Dagblad a dutch newspaper located in Amsterdam.

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