Netherlands

Saving-account guarantees should be lowered, Dutch banks say

Amsterdam - Guarantees for Dutch savings accounts should be lowered, the Dutch banks said in a letter to Dutch Finance Minister Wouter Bos Monday.

Holders of savings accounts at Dutch banks are guaranteed for up to 100,000 euros (128,500 dollars) per person if a bank collapses.

In October, the sum guaranteed under Dutch law was increased for one year from 38,000 euros per account holder.

The Dutch central bank increased the guarantee to boost consumer confidence in the banking system, which reached a low in early October, when the government nationalized the Dutch division of former Belgian-Dutch Fortis bank and the Dutch subsidiary of Iceland's Landsbanki, Icesave, collapsed.

Netherlands sex trade to feel a longer arm of the law

Amsterdam - Patrons visiting one of the Netherlands' red- light districts may soon find themselves on camera.

One by one, authorities in cities across the country are stepping up their efforts to regulate, scrutinize and generally clean up the country's sex business.

This week the mayors of the cities of Alkmaar and Utrecht followed moves by Amsterdam in 2007 to toughen regulation and reduce the ability of the sex trade to act as cover for and cause of other illegal activities.

Authorities have cited drug-dealing, money-laundering and the trafficking of women as crimes that are to be targeted.

Closed-circuit television (CCTV) surveillance of sex districts is just one method that has been proposed.

Weather centre: "Substantial" earthquake in the Netherlands

Weather centre: "Substantial" earthquake in the Netherlands Amsterdam - A "substantial" earthquake was felt in the north-eastern Dutch province of Groningen, the Dutch weather research centre KNMI said Thursday.

The spokesman for the KNMI, located in De Bilt in the central Netherlands, told Deutsche Presse-Agentur dpa it was a "relatively substantial" earthquake "approaching 3.5 on the Richter scale."

The KNMI could not yet confirm the exact size of the quake.

Dutch insurer's shares slide despite government support

Amsterdam - The share value of Dutch insurer Aegon dropped sharply on Tuesday to 2.92 euros (3.63 dollars), down 13.73 per cent, just before closing time.

Dutch stock exchange experiences dramatic day

Amsterdam -Stocks on the Amsterdam exchange dropped dramatically Friday. By noon local time (1000 GMT) the main AEX index stood at 234 points, down 9.25 per cent on the day.

Shares of bank and insurance company ING Group, which on Sunday received 10 billion euros (12.87 billion euros) in government aid in exchange for securities, dropped the most, 14.38 per cent.

Steel manufacturer Arcelor Mittal was not far behind, down 12.96 per cent.

Similar negative developments could be seen in Amsterdam in shares across all economic sectors - from banking and insurance to electronics and construction.

Employment agency USG People dropped 12.55 per cent, while oil company Royal Dutch Shell dropped 11.85 percent.

Amsterdam's Financial Mile facing credit crisis

Amsterdam's Financial Mile facing credit crisisAmsterdam - It's a beautiful Autumn day in Buitenveldert, one of Amsterdam's most popular neighbourhoods set against a backdrop of high-rises including the headquarters of Dutch ABN Amro and ING Bank.

Children bike around safely here on the broad bicycle paths, separated by trees from the roads.

During office hours, elderly people are strolling around in one of the many parks or chatting on benches at the upscale Gelderland plein shopping centre.

But despite appearances of such a peaceful urban setting, times have changed for Buitenveldert.

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