LOGO
LOGO

European Economic News

Dutch Debt Auction Successful Despite Govt. Collapse

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Netherlands held a successful debt auction on Tuesday despite the collapse of the government over budget cuts a day earlier.

The Dutch State Treasury Agency raised EUR 1.995 billion from the sale of it 2- and 25-year bonds. The agency had planned proceeds between EUR 1.5 billion and EUR 2.5 billion.

The 3.75 percent July 2014 bond was placed at an average yield of 0.523 percent. The 4 percent January 2037 bond was sold at a yield of 2.782 percent.

Yesterday, the Liberals-led minority government in the Netherlands collapsed as Prime Minister Mark Rutte resigned after coalition talks on reducing the country's budget deficit to meet European guidelines failed to reach an agreement.

A parliamentary debate to discuss the political crisis, the interim budget cuts and a schedule of snap polls is expected to take place on Tuesday, and Rutte is due to address the parliament in the afternoon.

The Netherlands has been asked to submit its budget measures to the European Commission by April 30, but it is not sure if the caretaker government can pass legislation concerning European issues with the support of the opposition.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19