Dutch Contingency Plans for Euro Collapse
AMSTERDAM (AP) — Dutch Finance Minister Jeroen Dijsselbloem has acknowledged that the Dutch government drew up plans for what to do if the single European currency had collapsed during the summer of 2012.
Return to Dutch Guilder Considered
In an interview with RTL television on Tuesday, Dijsselbloem said there was a plan to return to the Dutch guilder in a worst case scenario.
Discussions with Dutch Central Bank
He said: “There were preparations, there was discussion, with the Dutch Central Bank as well, about what it would require.”
Secrecy and Market Stability Concerns
Dijsselbloem, who was not then in office, said politicians of the time were right not to discuss the plan because acknowledging it might have worsened panic on financial markets and made the euro’s collapse more likely.
