Dutch Cabinet Resigns

Tyler Durden's picture

As reported first thing this morning when we discussed the perfect storm in Europe, the Dutch government was expected to resign en masse in the aftermath of this weekend's auterity fiasco. Sure enough, that resignation is now fact.

From the WSJ:

Dutch Prime Minister Mark Rutte and his cabinet have resigned after failing to reach agreement on reducing the country's budget to meet European guidelines, the Dutch government information service said Monday.

 

The information service said that Mr. Rutte had met with Queen Beatrix and she had accepted his resignation, asking him to tend to pressing matters of state with a caretaker government for the time being. Mr. Rutte is due to address parliament Tuesday afternoon to discuss interim budget cuts and schedule new elections.

 

Talks over measures to slash the government's budget deficit collapsed over the weekend after seven weeks of negotiations, raising questions about the future commitment of one of the euro zone's foremost proponents of fiscal stringency to a German-led austerity agenda.

 

The Netherlands has been a key ally of Germany and one of the most vociferous supporters of austerity since Greece's debt problems initiated the euro-zone's debt crisis more than two years ago. But its economy is performing poorly and is expected to shrink this year, widening its budget deficit and making it one of the worst-performing in the euro zone.

 

The talks collapsed after the right-wing Freedom Party pulled out of talks with Mr. Rutte's center-right liberal party. The negotiations had been aimed at cutting the budget deficit to 3% of gross domestic product next year, in line with European Union rules, from a forecast 4.6%.

And so the final Catch 22 for Europe unfolds: impair banks and suffer threats of the end of the world, or impair citizens and suffer falling governments. Check to you.

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lolmao500's picture

And Obama is NOWHERE near resigning...

http://www.msnbc.msn.com/id/47138446/ns/politics-the_new_york_times/#.T5...

Shift on executive power lets Obama bypass rivals
President takes routes around congressional Republicans blocking his agenda

One Saturday last fall, President Obama interrupted a White House strategy meeting to raise an issue not on the agenda. He declared, aides recalled, that the administration needed to more aggressively use executive power to govern in the face of Congressional obstructionism.

“We had been attempting to highlight the inability of Congress to do anything,” recalled William M. Daley, who was the White House chief of staff at the time. “The president expressed frustration, saying we have got to scour everything and push the envelope in finding things we can do on our own.”

All hail Obama the emperor!

Badabing's picture

No problem they will be replaced with ex Goldman employees!

johnu1978's picture

Better learn primitive skills while you still can!

Check out this link when you get a chance: http://www.heartrootnatureconnection.com

 

Enjoy,
John

lemonobrien's picture

is masturbation a primitive skill? cause I'm good at that.

Hugh_Jorgan's picture

"Centre-Right Liberal party"... That sounds like Europe all right.

Ratscam's picture

Queen Beatrix accepted his resignation.
But, but, ... isn,t Belgium a democrazy?

Abitdodgie's picture

What has Belgium got to do with it ?

Ratscam's picture

sorry netherlands but still don,t get the word parlimentary democrazy within a constitutional monarchy.

MieleBauknecht's picture

In the Netherlands, the Queen is not a political figure, however she still has a role as "mediator" in the formation of the coalition government.

_ConanTheLibertarian_'s picture

and by law you're not allowed to insult that taxpayer's money wasting bitch...

Transformer's picture

"Queen Beatrix accepted his resignation.
But, but, ... isn,t Belgium a democrazy?"

 

In Europe and England, they have a special kind of democracy, where it's fine, as long as the king or queen agree.

Koffieshop's picture

Basically, when push comes to shove, the parlement can do anything it wants with a sufficient majority.
If 1/2 + 1 of them want a particular government proposing particular laws, it will happen.
If 2/3 of them want to change our constitution (to abolish the monarchy or some such), it will happen.

LasVegasDave's picture

smoke some Kush

Itll get better

Or not

Koffieshop's picture

Nope, I'm quite sure I'm right on this one.
Mind you I'm NOT talking about how dimwitted or corrupt the members of parlement may be.

mr_T's picture

Have GS create some Tulip based derivatives.. its all good..

The trend is your friend's picture

saves them the job of having to get them fired and replaced by one og their own

MillionDollarBonus_'s picture

This is absolutely pathetic. Leaders are supposed to be making tough decisions about how to fix the imbalances in the world economy, and what do these Dutch cowards do? Just give up! Simply appalling. I can understand why people are disenfranchised with their governments. All people want is for their governments to FIX the economy, and global leaders are responding with pathetic indecisiveness and fiscal impotence.

fonzannoon's picture

There's MDB. You all may know him as "Joe the policeman" from the "What's goin down" episode of "Thats my mama!". Ladies and gentlemen Million Dollar Bonus.....Million Dollar Bonus!!!

prains's picture

Catch MDB at your nearest Barnes and Noble, he's the guy standing outside the door of your toilet stall with a brush waiting for you to push out the dark one.

jus_lite_reading's picture

The only thing pathetic... is you. Why is it that a shill ALWAYS has an American flag as avatar? Are we supposed to think you to be a real American because you wave your big American flag like so many "American" companies that sold this once great nation down the river. The game is over...

WonderDawg's picture

Dude, his avatar is the ultimate in irony. An American flag with a dollar sign overlaid. If you don't get the sarcasm, you just aren't trying hard enough. And his handle? MillionDollarBonus? Think about it. The sarcasm and irony are so thick and obvious, many here apparently don't see it hiding in plain sight.

jus_lite_reading's picture

At first, yes, I thought it was sarcasm. Now it's just tiresome like a gov't troll. I beginning to think it's Benny or Timmy...

Postmortemism's picture

MDB is the smartest commenter on zerohedge. How he emulates CNBC/TPTB wisdom so articulately is beyond me. You gotta sit back and just enjoy. 

azzhatter's picture

surely you are kidding right? Governments can't fix anything. If these sods had any capability they would be allowing the free markets to work. All this government tinkering is what brought us here. We need more governments to resign en masse

TWSceptic's picture

No, leaders are supposed to respect the will of the voters. We are not living in a dictatorship in Europe (although with the EU we're not sure sometimes...)

 

But why am I still replying to a troll? ZH should have banned you a long time ago.

jumbo maverick's picture

from now on i give you a green arrow up. you write and piss almost everyone off. i dont get why they cant get that what you write is sarcasm and jokes. they are thinking literal. It's a damned joke GET IT!

StychoKiller's picture

Yeah, but when you hear the same joke week after week after week...it just gets tiresome.

monkeyboy's picture

Yep, it's a feeling I just can't seem to quell. A feeling which only seems to build that the SHTF time is approaching not only rather quickly, but seems to be accelerating.

Is it just me? So many seem oblivious to what's potentially around the corner, not that I have any idea what the future holds.

 

 

 

 

SheepDog-One's picture

Big deal, ObaMao steps around clowngress and USSC to do what he wants....which is WHAT exactly? Come kick my ass? Bring it on, bitches! Lets see what you big shit talkers got! Im bettin its de nada.

Everybodys All American's picture

Obama is in a catch 22 ... His work arounds are his now to own. He owns it. Not Bush. Not the Republicans. Not Congress.

Trapped in his own politics.

SheepDog-One's picture

Did you see ObaMao get booed out of Fenway Park at the opener? Too funny. And whats with the dog story? Thats bizarre. 

Anyway, I guess the media can keep believing everyone loves ObaMao, but in the reality world he's despised.

GeorgeHayduke's picture

It's not just Obama who needs to resign. At least presidents are limited to 8 years of damage. members of congress can have lifetime careers as their constituents vote them in again and again, then bitch about government.

Benjamin Glutton's picture

not knowing the policy issue at hand is unfortunate.

 

after all, what the 2 parties are generally in agreement on is rarely in our best interest.

i-dog's picture

 
Hmmm ... let's check this thesis:

Health care ... divided
Budget ... divided
Tax reductions ... opposed
Govt downsizing ... opposed 

Patriot Act ... almost unanimous
NDAA ... almost unanimous
Bailouts ... almost unanimous
War ... almost unanimous

Yep ... your thesis is sound. Nobel Prize in the offing! 

TheFourthStooge-ing's picture

.

Nobel Prize in the offing!

Nothing like damning with faint praise.  ;)

 

General Decline's picture

"after all, what the 2 parties are generally in agreement on is rarely in our best interest."

The only thing worse than gridlock in Washington is no gridlock in Washington.

Seasmoke's picture

Another crack in the dam

Agent P's picture

Where's that Dutch boy when you need him?

The Big Ching-aso's picture

 

 

Check out Barney's place.   Pretty good chance he's there.

The Big Ching-aso's picture

 

 

Don't forget the big crack in the dyke too.

 

hedgeless_horseman's picture

 

 

What if everybody goes Dutch, and nobody has any money?  Global dine and dash?  Don't be last out the door.