| Author (Person) | Pignal, Stanley, Steinglass, Matt |
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| Series Title | Financial Times |
| Series Details | 1.3.12 |
| Publication Date | 01/03/2012 |
| Content Type | News |
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Article reports that the Netherlands was likely to be forced into a new round of budget cuts in the spring of 2012 that could fracture its coalition government, after forecasts suggested the country’s budget deficit would hit 4.5% in 2013, well above the 3% limit set by the eurozone fiscal pact. Negotiations to cut the budget would test the appetite of one of Europe’s few remaining triple A-rated countries for austerity, a policy it has ardently preached for eurozone bail-out recipients such as Greece and Portugal but which could now threaten its own fragile coalition. It could also strengthen the political left in a country where, as in France, the Socialists have leapt to the top of the polls in recent months. |
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| Countries / Regions | Netherlands |
