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Table of contents; Basic statistics of the Netherlands, 2012; Executive summary; Main findings; Key recommendations; Assessment and recommendations; Challenges facing the Netherlands; Ensuring a sustainable recovery; Figure 1. Key macroeconomic developments; Table 1. Macroeconomic indicators and pro...

Fiscal policy has achieved a major adjustmentReturning to the initial fiscal framework; Figure 6. Fiscal consolidation has been sizeable; Addressing growing ageing costs; Addressing tax planning strategies of multinationals; Figure 7. Corporate income tax rate, foreign direct investment and special...

Figure 10. Financial buffers to absorb losses from non-performing loans are relatively weakFigure 11. Risk premiums on market funding have become more costly and volatile; Figure 12. Dependence on market funding remains high; Figure 13. Debt of households and non-financial corporations; Figure 14. H...

Additional measures are needed to lower household indebtedness in the medium termImproving bank resolution; Recommendations to improve the resilience of banks; Promoting the development of efficient and dynamic SMEs; Figure 16. Small and medium-sized enterprise (SME) sector indicators; Credit constr...

Figure 20. The most problematic factors for doing businessFigure 21. The strictness of employment protection legislation for permanent contracts is high; Reviewing the tax system; Lowering regulatory burdens; Figure 22. Product market regulation (PMR): Barriers to entrepreneurship; Recommendations t...

Chapter 1. Making the banking sector more resilient and reducing household debt