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Dutch government austerity talks collapse | News | DW.DE | 21.04.2012

The Dutch government appeared close to collapse on Saturday after budget talks between the minority government parties and its opposition support collapsed.

The talks were aimed at cutting up to 16 billion euros ($21 billion) from the annual budget. Dutch Prime Minister Mark Rutte told reporters he would hold a crisis meeting on Monday to assess the situation.

"Elections are the logical next step," Rutte said. He added that he wants to work with parliament to finalize austerity measures before the poll takes place.

The talks among Rutte's Liberal Party, his coalition partners the Christian Democrats and the anti-Islam Freedom Party headed by Geert Wilders started in March as the Dutch economy sank into recession. Forecasts showed the 2012 budget deficit would reach 4.6 percent of gross domestic product when the EU deficit ceiling is 3 percent.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Sat Apr 21st, 2012 at 03:06:01 PM EST
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Great news! Quick elections would be good.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Sat Apr 21st, 2012 at 04:53:04 PM EST
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