NL has 1154 Billion GDP (2023). @ 3% it would be 10Billion lower, @5% 10 billion higher.
Options to amerliorate
They will all have to rethink foreign aid as the financially easiest way to ameliorate the difference. Then mass immigration: a huge drain on finances. Then Green new scam needs to be scuttled ...
And in order to keep the populace happy, they need lower energy costs ... otherwise the taxes need to be increased.
One bookkeeping trick is to lower GDP somewhat. However, they need to take care, though, as the Euro stability pact has certain requirement of debt vs deficit spending. Technically: debt vs GDP <60% and deficit <3% GDP.
effects
Politically, that is quite an enterprise given the fact that in EU countries bureaucracy is even more entrenched than in the US, and less susceptible to change.
There is some wiggle-room, but that room is closing in quite fast ...
check on the numbers:
NL has 1154 Billion GDP (2023). @ 3% it would be 10Billion lower, @5% 10 billion higher.
Options to amerliorate
They will all have to rethink foreign aid as the financially easiest way to ameliorate the difference. Then mass immigration: a huge drain on finances. Then Green new scam needs to be scuttled ...
And in order to keep the populace happy, they need lower energy costs ... otherwise the taxes need to be increased.
One bookkeeping trick is to lower GDP somewhat. However, they need to take care, though, as the Euro stability pact has certain requirement of debt vs deficit spending. Technically: debt vs GDP <60% and deficit <3% GDP.
effects
Politically, that is quite an enterprise given the fact that in EU countries bureaucracy is even more entrenched than in the US, and less susceptible to change.
There is some wiggle-room, but that room is closing in quite fast ...