Not the time for mink coats
So, the Dutch government has made €20bn of taxpayers cash available to prevent healthy financial institutions getting into trouble because of the current crisis.
Very generous and probably rather sensible of them. So perhaps while they are about it, they could find the odd million to compensate mink farmers who will be forced to close down their business if the proposed ban on mink farming goes ahead.
But the ban, first recommended way back in 1990, is unlikely to come into effect just because some MPs do think the government should help ease the financial pain for farmers.
After all, mink farming is very big business – the Netherlands is the second biggest producer of dead mink in the world. The new law, proposed by the Socialist and Labour parties, suggests phasing in a ban over 10 years which, the parties say, gives farmers enough time to adjust.
But the ChristenUnie and PVV, who oppose mink farming in principle, want farmers to get a cash pay-out as well. Negotiations are now going on behind the scenes to reach a classic Dutch compromise – and it would help if the government could come up with a bit of cash.
On the other hand, share prices are continuing to plunge and top dogs’ bonuses are getting smaller. So perhaps one good thing to come out of the crisis might be a slow down in demand for mink coats.
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