Much to the disgust of Italy and Portugal, the Dutch are digging their heels in over a deal to help afflicted countries in the euro zone
Golden Age fell apart in 1672, when surrounding powers—England, France and a pair of German principalities—teamed up to sack the Netherlands and seize its colonies. Ever since, the small country’s diplomats have made it a principle never to become isolated against a united European front. Yet as the Eurogroup planned their response to covid-19 this month, the Netherlands found itself alone.
The target of their ire is the blunt-spoken finance minister, Wopke Hoekstra. Before the negotiations, he sententiously chided southern Europe for failing to cut deficits to prepare for a downturn, as the Netherlands had. In the Eurogroup meeting he rejected a proposal by nine countries, including France, Italy and Spain, to issue collective euro-zone debt . In this he was joined by Austria, Finland and Germany.
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