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Let’s not go Dutch

From theglobeandmail.com

Those spendthrift Europeans! No wonder they’ve run into trouble. It’s time to crack down on the free-spending ways of the … Dutch? Yep, it’s Northern, not Southern, Europe that leads the continent at running up household debt. Belying their frugal national stereotype, Dutch are actually the euro-zone champs when it comes to personal – as opposed to government – loans, and the Irish are just a step behind, according to a report by Martin Schwerdtfeger, senior economist at TD Economics His report underlines something that often gets overlooked: the lack of any relationship between personal frugality and government ... (full story)

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