It is said, that in Holland Interest is lower than in England.
Sentiment: NEGATIVE
So that it cannot be denied, but the lowering of Interest may, and probably will keep some Money from coming abroad into Trade; whereas on the contrary, high Interest certainly brings it out.
In matters of commerce the fault of the Dutch Is offering too little and asking too much. The French are with equal advantage content, So we clap on Dutch bottoms just twenty per cent.
To play Holland, you have to play the Dutch.
If I remember rightly Holland for instance has something like 45, and it's a much smaller country. In comparison we have very few and they are very badly financed.
After the accession to the euro zone, interest rates declined substantially in Portugal.
When the U.K. or U.S. government issues bonds to fund a deficit, the buyers are not solely in the U.K. or the U.S. - they're in Asia, Europe, Latin America and the Middle East. Investment banks provide direct access to these buyers.
How could you justify giving Holland twice the amount of money that you gave Belgium? Well, finally, I put it up to them. They said that they couldn't do it; it would destroy them. I said they had to do it. And I finally got support from Hoffman on it.
The Netherlands and the UK are both seafaring nations and so our ability to create jobs and to generate future growth is built on the free market.
The Hungarian interest is that, if necessary, we should make loan agreements with the IMF on a regular basis.
Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts.
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