World Europe 20 Sep 2016 'Brexit will cost us ...

'Brexit will cost us jobs' warns Dutch king

AFP
Published Sep 20, 2016, 7:14 pm IST
Updated Sep 20, 2016, 7:15 pm IST
The declining trade could cost the Netherlands some 10 billion euros ($11.1 billion) in losses by 2030.
Dutch King Willem-Alexander. (Photo: AP)
 Dutch King Willem-Alexander. (Photo: AP)

The Hague: Britain's vote to leave the EU has caused uncertainty in Europe and will impact The Netherlands including causing job losses, Dutch King Willem-Alexander said on Tuesday.

Giving his traditional speech marking the opening of parliament -- written by Prime Minister Mark Rutte and his cabinet -- the king said the internationally-focused Dutch economy faced its greatest danger from outside the country.

 

"There are new uncertainties in Europe as a result of the Brexit vote, which will also directly impact The Netherlands," the royal said in his "Prinsjesdag" (Prince's Day) speech at the historic 13th century Knight's Hall near parliament.

"The United Kingdom is one of our most important trading partners and the Brexit's going to cost jobs, also in The Netherlands," he said.

The Dutch central statistics office (CBS) has predicted that the June 23 vote by Britain to leave the European Union would hit the Dutch economy "relatively harder" than most other EU countries.

 

Britain is third-most important trading partner for the Dutch after Germany and Belgium, with the CBS saying declining trade could cost the lowlands country some 10 billion euros ($11.1 billion) in losses by 2030.

There are some 300,000 jobs in The Netherlands directly tied to Britain, particularly in the food-processing industry, the respected Dutch daily NRC reported.

"Within the EU, only Ireland and Malta are more dependent on Britain," the paper added.

Dutch Finance Minister Jeroen Dijsselbloem was to present the government's budget for 2017 later Tuesday.

 

The budget includes a billion euros for increases in rental subsidies, elderly care and childcare, as well as 450 million euros to beef up security, particularly for the fight against terror groups.

Willem-Alexander's speech, his fourth since being appointed king in April 2013, was preceded by the traditional pomp and ceremony of parliament's opening.

This included the yearly coach ride of the king and his popular wife Queen Maxima from a nearby palace watched by cheering crowds.

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