Dutch companies according Knot no acute danger to Brexit – NU.nl

That says Klaas Knot, president of De Nederlandsche Bank (DNB), Tuesday against NU.nl.

“Dutch companies trading with the United Kingdom are not immediately at risk. The exposure in UK pounds and which remains in pounds. There is no acute bankruptcy wave of British companies and the British government, “Knot said.

the central bank president was Tuesday in the Hague to MPs at an annual meeting at talk about financial stability in the Netherlands, which the central bank earlier published a report.

it was the referendum on the departure of the United Kingdom (UK) from the European Union (EU), often Brexit called also on the agenda. The British speak here about June 23 off

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Precautions

Knot stresses he be worried about a Brexit. There will, according to him, in the UK there are of lower productivity, lower economic growth and a likely recession, but large effects such as during the euro crisis in 2011 and 2012 remain off. “This is not comparable. It is more of a long-term risk,” said Knot.

Dutch companies will their relationship with the UK have to go look again, says Knot. There may be a Brexit namely an end to the unlimited trading. That ultimately depends on the trade agreements made when it comes to a Brexit. Those negotiations will take at least two years.

Model

This can be a way in which all trade advantages and trade relations are maintained with the EU, such as Norway and Iceland which have now. The place are the British or lost at the negotiating table in Brussels. Knot calls it not an attractive model.

Which negotiation model comes with a Brexit, remains to be seen. “It complicates anyway the market, but we need not fear for dramatic developments affecting the financial stability is threatened acutely in the Netherlands,” said Knot

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by: NU.nl/Edo van der Goot