'Dutch 'NExit' will produce ten thousand euros per household'
A Dutch 'exit' from the European Union produces ten thousand euros per household. The economy can benefit from the internal market, but will no longer suffer from a European 'one size fits all'. That's the conclusion of an inquiry by the reputable British research firm Capital Economics.
The fact that you are not part of the European Union does not imply that you could not trade with the European Union, researcher Mark Pragnell emphasizes. "The rest of the world does that. And importantly: Switzerland , Norway and others trade with the EU, and actually have preferential treatment, apart of the single market of the EU. without also having the burden of paying Brussels for contributions to spending programs without actually having to pick up on so many of the regulations and other legislation that comes out of the EU."
The great benefits of exiting is that you end up with economic freedom, Pragnall says. "Policy makers in Amsterdam and The Hague have the opportunity to set taxes, public spendings and to set interest rates to fit Dutch economic circumstances, to benefit Dutch households. At the moment, they are being set to benefit the whole of the eurozone, and simply one size does not fit all."
The Swiss do adopt legislation in relation to access to the internal market of the EU, but they’re free to choose to opt out of anything else. They made a decision to fix their currency in a certain way, but they can also make the decision to stop it. At the moment, you’re in the euro and you’re in the euro for good. You have no flexibility.
No one can say what will happen the day after a NExit in finance market. Some people will argue that we will see money leaving the Netherlands, but others will argue that the Netherlands will look like a safe haven against the dangers of the eurozone and you can see appreciation. It is very difficult to second-guess these things, but we have looked at other examples of big currency movements and big currency events and actually, there is volatility, but it is short lived and after six months or so, we think you'll come back to stability."