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Dutch parties to form pro-austerity coalition
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia Nov 01, 2012 08:59am |
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| Category | News |
| Author | Reuters in the Hague |
| Media | Newspaper - Guardian |
| News Date | Monday, October 29, 2012 02:00:00 PM UTC0:0 |
| Description | The Dutch prime minister Mark Rutte's Liberal party and the Labour party say they have reached a coalition deal, preparing for a pro-austerity, pro-European government to be sworn in next week.
Rutte, whose Liberals won the most seats in the election on 12 September, will remain prime minister, while the Labour MP Jeroen Dijsselbloem is tipped to replace Jan Kees de Jager as finance minister. Under Rutte and De Jager, a Christian Democrat whose party lost heavily in the election, the Netherlands has been at the forefront of calls for tight fiscal policies across the eurozone to tackle the region's debt crisis. The parliamentary election was held against the backdrop of the eurozone crisis, rising unemployment, lower housing prices and a stagnant economy.
Rutte and the Labour leader, Diederik Samsom, reached a deal more quickly than expected, underlining the urgency of the European crisis and the fragile state of the Dutch economy. Economists say the Netherlands must address structural reforms in housing, the labour market and welfare benefits. Already, the two party leaders have agreed to cut state spending by a further €16bn (£13bn) in the next four years, aiming to eliminate the budget deficit by 2017, newspapers reported last week. |
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