Zacht Ei - Dutch Central Bank: trading in guilder too cheaply for euro did increase prices

Wednesday, May 25, 2005

Dutch Central Bank: trading in guilder too cheaply for euro did increase prices

Which means, of course, that secretary Gerrit Zalm of Finance did lie. According to André Szász, former director of De Nederlandsche Bank, the Dutch 'Fed', the guilder was traded in too cheaply. This resulted in price increases. Szász will acknowledge this tomorrow night in Zembla, a tv program of Dutch PBS (credit to whom it's due). The (Maoist) Socialist Party has already called for a parliamentary inquiry.

Meanwhile, EU Rota (who apparently has way too much time on his hands) knocked together a few numbers and came to similar conclusions. As this graph shows as well:

(Note: CPI means Consumer Price Index. The Eurozone consists of the twelve countries that have adopted the euro.)

17:45

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Stratfor sums it up

We have ways of making you vote 'yes'

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Dutch Central Bank: trading in guilder too cheaply for euro did increase prices

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