The euro should have been introduced democratically by means of a referendum. That's what Pepijn van Houwelingen, finance spokesperson for the Forum for Democracy, says in conversation with Paul Buitink of Holland Gold. In this third and final installment of the series Europhoria by BLCKBOX says that the Netherlands has ceded too much political and monetary sovereignty to Europe, which has only exacerbated the economic problems for the Netherlands.
According to the MP, things are going in the wrong direction now that the ECB's monetary policy is implicitly supporting the Italian government debt. This is at the expense of the Dutch economy, because it means that we pay a higher interest rate on our national debt. We have also had a weaker euro due to the central bank's interest rate policy, which means that we are importing more inflation.
The solution to these problems, according to Van Houwelingen, is to leave the euro and the European Union. Not only will we be able to conduct our own monetary policy, but we will also have more autonomy over our pensions, savings, our energy policy and many other issues. But how realistic is it to leave the EU and return to the guilder?