Investing.com - Financial Markets Worldwide
✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

ECB's Wellink does not expect Dutch housing crisis

Published 03/27/2009, 02:38 AM
Updated 03/27/2009, 02:40 AM

AMSTERDAM, March 27 (Reuters) - European Central Bank Governing Council member Nout Wellink does not expect a crisis in the Dutch housing market, Dutch financial daily Het Financieele Dagblad reported on Friday.

"If a crisis were now to come in the Dutch housing market -- I don't expect it -- why has nothing been done about this? We warned 10 years ago, but the politicians at the time said no," Wellink was quoted saying in an interview with the newspaper.

Wellink, who also heads the Dutch central bank DNB, added that the DNB had issued a warning for top mortgages back in 1999. (Reporting by Aaron Gray-Block; Editing by Jan Dahinten)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.