Netherlands to introduce car trade-in bonus

THE HAGUE (AFP)

The announcement came as a spokesman for German Chancellor Angela Merkel said her government must still decide if it will prolong its own popular 2,500-euro wreckage premium at its current value.

Goldman Sachs analyst Dirk Schumacher said “the government is getting cold feet now about the fiscal consequences” and the business daily Handelsblatt said the government had agreed on a new bonus of 1,250 euros.