Reuters: New Dutch finance minister promise cuts, tough line on eurozone

01 November 2012

Jeroen Dijsselbloem, the incoming Dutch finance minister, said he would push ahead with budget cuts at home and take a tough line on the eurozone crisis, ensuring policy continuity.

Mr Dijsselbloem warned of tough times ahead given the new coalition government between his Labor party and Prime Minister Mark Rutte's Liberals has already agreed to nearly €16 billion in budget cuts. "We have agreed to a tight budget and together we are going to implement it. It is a tough package that is going to require sacrifices from everyone in the Netherlands. I see it as my job to keep the finances on the right path", he said.

The Netherlands, one of a handful of economies in the eurozone still holding a triple AAA credit rating, is expected to remain a firm ally of Germany, which opposes more aid to eurozone members struggling with high debt.

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