Netherlands Will Benefit from Leaving the EU

This is the conclusion in the British consulting firm Capital Economics. In their study, analysts evaluated the pros and cons for the Dutch economy from getting out of the EU.

As part of the report "NExit" ( an abbreviation of "Netherlands + exit") experts have assessed the economic development of the Netherlands in the period from 2015 - 2035. Projected Capital Analytics, the Dutch part of the EU economy "doomed" to lower growth rates, not only in comparison with other countries, but also in comparison with own results, which were shown in the period prior to accession.

"Any decision to withdraw from the EU in the first place is a social, cultural and political choices. It should be made from the standpoint of national sovereignty and the interests of citizens and freedom of choice. However, there is also good reason to believe that any country, freed from excessive bureaucratic control of Brussels and free to make their own decisions, rather than adapt to uniform rules, will benefit from this decision, and in economic terms.

Global economic order in the last decade has changed markedly. Future economic growth foci shifted to developing countries in Asia , South America, and in the longer term - in Africa. Challenge for the Netherlands and other European countries is to focus their trading strategy in accordance with these changes. In this regard, the EU has not shown any notable achievements. According to the experts estimates , the Dutch authorities will have more opportunities to capitalize on the entrepreneurial spirit of the country, which has always been high on the international arena.

In the case of the EU the Dutch government and the Central Bank of the country will be able to regain control over monetary policy and fiscal course, set interest rates, taxes and government spending to levels that are acceptable to the national economy. As a result, a positive effect on the economy will be achieved not only in the short term, in the current challenging conditions for the Netherlands, but also in the long term, as the fiscal policy will be conducted in accordance with the economic development of the Netherlands, not Germany.

In case of Netherlands exit from the EU on 1 January 2015 and the establishment of relations with the EU like Switzerland, to 2035 the country's GDP will be 10-13% higher than in the scenario where the country will continue to remain within the bloc led by the Brussels. During this 21-year period, with the release of the EU will be able to accumulate the Netherlands 1.1-1.5 trillion euros. Every year it will be 7,1-9,8 thousand euros per every citizen ".

Capital Economics experts recognize that a way out of the EU , the introduction of the euro and the cancellation of its own national currency to be associated with certain risks. However, according to their estimates, the benefits of independent financial management and the impact on macroeconomic cycles outweigh the negative factors.


More Dutch business news and articles can be found at http://banksnetherlands.com

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Economy