Safe Mode: On
Dutch PM Rutte to submit his resignation to Queen Beatrix, leading to early elections

Despite the political crisis, a couple of cabinet members are still managing to smile. But not Geert Wilders (at the far end of the table). He looks straight-faced (and perhaps even a little sheepish?) after he brought the administration down by rebelling over the government's budget plans



1.29pm: The stock market sell-off has accelerated in the last hour, with the FTSE 100 now down by 101 points at 5670 (a fall of 1.7%), and the Amsterdam index down 8.32 points at 300.88 (down 2.7%).



The euro is also being hit by the triple whammy of the Dutch political crisis, bad economic data (see 9.59am), and the French presidential election results (see 9.17am). It just hit a new 20-month low against the pound of 81.575p.



A poll published yesterday, conducted by Maurice De Hond, showed that Mark Rutte's People's Party for Freedom and Democracy (VVD) would hold the most seats – 33, up from 31 at the 2010 election.



But the big winner would be the eurosceptic Socialist (SP) party, which is on track to double its number of MPs from 15 to 30.



The poll also indicates that Geert Wilders's Party for Freedom (PVV) would secure 19 seats, down from 24, while the Christian Democrat (CDA) party's powerbase would shrink to 11 seats, from 21.



The Dutch Labour (Pvda) party would secure 24 seats, down from 30, while the Democrats 66 (D66) party would win 15 seats, up from 10 at present.



Smaller parties would take the remainder of the 150 seats in the Netherlands' parliament.



http://www.guardian.co.uk/business/2012/apr/23/eurozone-crisis-austerity-dutch-government


Added: Apr-23-2012 Occurred On: Apr-23-2012
By: Hazel_Nut
In:
Regional News, Politics
Tags: wow
Location: The hague, Zuid-Holland, Netherlands (load item map)
Views: 1107 | Comments: 35 | Votes: 0 | Favorites: 0 | Shared: 1 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE