Reuters reporting that the Dutch central bank is putting aside $3.8bn to cover potential losses from ECB's QE program
The Dutch finance minister, Jeroen Dijsselbloem, has penned a letter to parliament saying thety will start by making a €500m provision this year.
The head of their central bank, Klaas Knot, was said to be one of two governing council members to be against the new measures put in place at the last meeting. Lautenschlaeger was the other.
Surely €3.8bn is a small price to pay to get inflation up a few ticks isn't it? I wonder who else is going to be crying over their calculator?
