Too much regulation seen as bad for Dutch economy

26 11 2010

From Expatica.com:

An excessive number of regulatory bodies is hampering the Dutch economy, according to Christian Democrat MP Gerda Verburg. There are currently sixteen official watchdog authorities, half of which could be scrapped, Ms Verburg told Dutch media.

The bodies are hindering entrepreneurs rather than checking them, while most business sectors are very well able to discipline themselves, the MP said. She is calling on the rightwing government, which includes her own party, to cut back and simplify the regulatory infrastructure in order to stimulate the economy. A proposal to realise this should be before the Lower House on 1 March next year, Ms Verburg suggested.

[…]

Geert Wilders’ Freedom Party pointed out that the remaining regulators should have wide-ranging powers, to prevent a repetition of the banking crisis in which Dutch financial authorities AFM and DNB failed to intervene adequately.

Read the rest.

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