Monday, 1 December 2014 - 14:18
Dutch budget gets Brussels' approval
Brussels approved the Netherlands' budget for 2015. The financial plans of the government-Rutte meet the European budget rules. With this the Netherlands, along with Germany, Ireland, Luxembourg and Slovakia, came out on top of the other countries. This is evident from the European Commission's report figures for the draft budgets of the Netherlands and 15 other euro countries. These figures were published on Friday. This was the second time that the European Commission gave judgement on the budget plans of eurozone countries. With this critical analysis, Brussels hopes to prevent another debt crisis in the eurozone. Last year the European Commission also judged the Netherlands' budget as sufficient, but then the Netherlands was not in the forefront. A year ago, according to Brussels, there was no latitude to deviate from the measures the Netherlands announced to reduce its budget deficit. The European Commission now notes that the Netherlands has made some progress, but finds it not enough. It calls on the authorities to make further progress and to "rigorously" perform the 2015 budget.