Dutch 'opposition to austerity'

The collapse of the Dutch coalition government has sent shockwaves through Europe and the global markets.

Until this weekend, the Netherlands was judged to be part of the eurozone's stable core - a safe bet even if periphery economies such as Greece imploded.

However, Prime Minister Mark Rutte's failure to push through budget cuts and the uncertainty of a snap election have plunged the future into doubt for one of the eurozone's last triple A rated economies.

Jane Foley is a senior foreign exchange strategist at Rabobank and she told the BBC "There is opposition against austerity".

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