Dear reader,
just before the author has to leave office he came across this article written by Dutch economist Mathijs Bouman:
bad housing market pushes down consumption (Z24.nl)(dut)
This is very much the effect of what i described in my last comment hailing Bruegel blog analysis where they say that a closer interconnection of European economists is needed.
So while Mathijs Bouman (as always) delivers a perfect analysis from the limited viewpoint of the frog (As Dutch people sometimes refer to their country as: "ons klein kikkertjesland" (our little froggy country) it could give Dutch people the impression. Well , that's it. That's the full story of our economic decline. The most likely explanation for the predicted bad numbers on future budget deficits and GDP growth.
Which it isn't of course.
Unfortunately the wider European analysis of this author here hasn't left its draft status, but in it there are already some indications of what exactly happened in order to split the former "economic Siamese twins" Germany and The Netherlands.
[update]
Mar 31st 2012 German wage deal agreed, averts public-sector strike (via @ewaldeng)
Mar 31st 2012 German retailers turnover drops 2nd month in succession # (Die Welt)
Mar 30th 2012 German shoppers drive growth (paywall)
[/update]
# = German language
note: The author is fully aware of the fact that usually the French are referred to by some British fellows as 'frogs' and he is a frog (=Dutch) himself.
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