Mark Rutte News
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The European Commission cut its Dutch economic forecasts for this year and next on depressed domestic demand.
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Willem-Alexander was installed as the Netherlands’ first king since 1890 after the abdication of his mother, Queen Beatrix, amid celebrations in Amsterdam.
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The Netherlands is getting ready to celebrate tomorrow’s inauguration of King Willem-Alexander, with security stepped up for an event forecast to attract at least 800,000 people to Amsterdam and millions of television viewers.
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A majority of Dutch lawmakers backed the 10 billion-euro ($13 billion) aid package to Cyprus amid skepticism from the opposition about the island’s economic prospects.
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Record unemployment in the Netherlands is compounding Prime Minister Mark Rutte’s dilemma on how far to push austerity measures needed to curb the country’s deficit.
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Dutch Prime Minister Mark Rutte said 4.3 billion euros ($5.6 billion) in budget cuts for 2014 that were postponed last week may be implemented after all if the economy doesn’t grow fast enough the coming months.
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The Netherlands, the fifth-largest economy in the euro area, will probably grow by 1.1 percent in 2014 following a 0.5 percent contraction this year, the International Monetary Fund said.
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The Dutch government postponed 4.3 billion euros ($5.6 billion) in budget cuts for 2014 as it struck a deal with social partners, counting on economic growth to keep the budget deficit below the European ceiling next year.
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Dutch Prime Minister Mark Rutte said Greece may need more financial help to stay in the euro, retreating from a hard line that included a willingness to consider the country’s exit from the currency bloc.
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Having held more elections than perennially unsettled Italy in the past decade, the Netherlands tomorrow may vote to return the grand coalition that governed for eight years until 2002.
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