Financial Crisis Bailouts Leave Dutch Taxpayers 40% Short: Chart

The Dutch government spent almost 40 billion euros ($44.5 billion) in the throes of the financial crisis to prop up its financial-services sector, including a loan and guarantee to ING Groep NV, aid to insurer Aegon NV and a full nationalization of ABN Amro Group NV. Including the projected proceeds from next week’s IPO of ASR Nederland NV, bought as part of the ABN Amro rescue, the government would be about 40 percent short of breaking even on its investment. Whether it can do so lies with the eventual price at which it sells the rest of ABN Amro, according to Theodoor Gilissen analyst Joost van Beek.