Dutch PM Wins but Could Be Forced to Form Coalition
Dutch Prime Minister Mark Rutte’s Liberal Party emerged triumphant from the Netherlands’ election on Wednesday, defeating far-right euroskeptic voices, but he may need to form a coalition with the Labour Party, which finished only two seats behind his own.
Germany Doubles Down on Greece
German officials seem to be backing away from earlier hints that leniency would be possible toward Greece on complying with the budget constraints of its bailout package.
Euro Summit Deal Threatened by Finland, Netherlands
The bond-buying agreement worked out so painfully during a recent EU summit meeting to soothe markets and help Spain and Italy is being threatened.
Spain Downgraded, Seen Asking for Bailout Saturday
Fitch cut Spain’s credit rating by three notches late Thursday, leaving it two levels above junk, and Friday morning word circulated that the country would ask for a bailout on Saturday.
Dutch Government Resigns Over Austerity
Battles over austerity measures that look tame in comparison to those endured by Greeks torpedoed the Dutch government on Monday. Not to be outdone, the Czech government came in for a crisis of its own.
Greek Bailout Drama Drags On
Greece missed yet another deadline on Tuesday, with Prime Minister Lucas Papademos scheduled to meet with party leaders on Wednesday in yet another effort to put the seal on an agreement necessary to secure another bailout package.
Germany, Netherlands to Greece: Shape Up or Ship Out
When it comes to money, Germany and the Netherlands aren’t kidding. Both nations are out of patience with Greece, although the message is divided, and both are beginning to talk about Athens being compelled to exit the euro zone.