13.03.2013 - Netherlands weighs national mortgage bank
The Netherlands is looking at creating a national mortgage bank, in an effort to spare its battered banking sector and give a boost to a sluggish housing market. Dutch banks are wrestling with the legacy of a housing bubble that has left them with around 650 billion ($848 billion) of mortgage debt on their books. A peculiar feature of the Netherlands' financial system is causing another headache. The Dutch are heavy savers, but they have parked much of their money with pension funds that have invested around 85% of their 900 billion in assets outside the Netherlands...............................................Full Article: Source
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