Dutch prime minister and cabinet resigns

Dutch 10-year bonds fell, driving the yield spread with German bunds to a three-year high, after the country’s government collapsed.

23rd April, 2012
Dutch prime minister and cabinet resigns
Dutch Prime Minister Mark Rutte has regularly backed Angela Merkel's stance on fiscal matters.

Dutch Prime Minister Mark Rutte offered his cabinet’s resignation today after losing Geert Wilders’s Freedom Party’s support over the weekend over disagreement on an austerity package.

Queen Beatrix will consider the resignation, the government’s information service said in an e-mailed statement.

Dutch 10-year bonds fell, driving the yield spread with German bunds to a three-year high, as the political turmoil unfolded in the country. Investors are betting...

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