Monday, April 23, 2012 – by Staff Report, Daily Bell
The Dutch government's failure to reach an agreement in talks to achieve tough spending cuts could see ratings agencies cut the country's prized AAA-rating and nervous investors push up the country's borrowing costs, and it will also have wider implications for the euro zone as a whole, analysts said on Monday. Prime Minister Mark Rutte will meet the Dutch queen on Monday afternoon to tender the government's resignation, Dutch broadcaster RTL reported. – CNBC
Dominant Social Theme: This is only to be expected. Wars are not won in a day, and neither will be the battle to save the EU.
Free-Market Analysis: Like some kind of rolling contagion, the insolvency affecting the Southern PIGS is spreading northward toward the supposedly solvent part of the EU.
Now it's Holland's turn. We learn that austerity hasn't been a soft sell in Holland any more than it has been in Greece, Portugal, Spain or Italy. Or Ireland, for that matter.
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