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Europe Daily Bulletin No. 8543

17 September 2003
GENERAL NEWS / (eu) eu/emu
Netherlands chooses austerity to comply with Pact

Brussels, 16/09/2003 (Agence Europe) - Despite the recession suffered by the Dutch economy, the government of the Netherlands clearly indicated on Tuesday that it was choosing in favour of austerity measures intended to restrict deficits and strictly comply with the Stability and Growth Pact. "In order to be able to foresee the prospect of economic recovery, drastic measures are necessary", Prime Minister Jan Peter Balkenende said. He warned citizens that their purchasing power could fall...

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