Monday 20 January 2020

NETHERLANDS

DUTCH Prime Minister Mark Rutte resigned in a crisis over budget cuts, creating a political vacuum in a country, which strongly backed an EU fiscal treaty.

Investors sold Dutch and peripheral eurozone bonds, driving yields on debt issued by struggling Ireland above 6.55pc.

The premium that investors demand to hold Dutch bonds rather than German benchmarks has surged to its highest point in three years as market participants began 'a flight to safety'.

Irish Independent

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