Netherlands: September 12 Election and Austerity
Why Read: Because if you are focused on the importance of what I and others believe to be the necessity for urgency in Eurozone political decision-making you ought to know about this. With respect to the 'necessity for urgency' in the Eurozone see today's previous commentary on an address made in June by George Soros.
Commentary: A general election is being held on September 12 in the Netherlands. It is reported that the socialist party is expected to then make 'the largest (seat) gains'. This election, coincidently being held on the same day the German constitutional court rules on whether the 'permanent EU bailout fund' breaches national law, could result in an anti-austerity coalition government in the Netherlands.
Simply put, it is hard to imagine how that could be a good thing in the context of the resolution of the ongoing Eurozone financial crisis.
Topical Reference: Dutch set to defy austerity as left takes poll lead, from EUObserver, Benjamin Fox, August 24, 2012 - reading time 3 minutes.