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Thursday, March 24, 2011

Turkish banks bear brunt of Dutch imbalances

"Turkish banks bear brunt of Dutch imbalances

Thursday, March 24, 2011
GÖKHAN KURTARAN
ISTANBUL - Hürriyet Daily News
The alarmingly large size of the Dutch banking sector has forced authorities in the Netherlands to take punitive measures, and Turkish banks operating in the country are also being punished. Speaking to the Hürriyet Daily News & Economic Review, a Dutch official says that as his government guarantees deposits of all banks, it has to implement measures to protect the taxpayer. ‘We have a very large financial sector relative to our economy,’ says Van Den Berg of the Dutch Foreign Trade Ministry"

More:Turkish banks bear brunt of Dutch imbalances - Hurriyet Daily News and Economic Review