Time is GMT + 8 hours Posted: 22-Nov-2008 02:28 hrs
Dutch Prime Minister Jan Peter Balkenende is pictured on November 7, 2008 in Brussels. The Dutch government announced on Friday a six billion euro (7.5 billion dollar) economic stimulus package to help the country cope with the global financial crisis.
The Dutch government announced on Friday a six billion euro (7.5 billion dollar) economic stimulus package to help the country cope with the global financial crisis.
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The six billion euros is equal to one percent of Dutch gross domestic product (GDP), the level likely to be agreed by the European Union for a joint regional stimulus plan.
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"We can see that the economy has faltered badly," Prime Minister Jan Peter Balkenende said after a cabinet meeting.
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A spokesman for the prime minister's office said the funds would come from budget reserves and be equal to about one percent of GDP.
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The package includes fiscal measures which should improve corporate liquidity, he added. — AFP
