The Canadian Press - ONLINE EDITION
Posted: 03/11/2013 5:26 AM | Comments: 0
AMSTERDAM - More Dutch companies declared bankruptcy in February than at any time since records began in 1981.
The country's Central Bureau for Statistics also says Monday that on a three-month average, bankruptcies are at their highest level on record: around 680 per month, not counting one-person businesses.
The Dutch economy is struggling as the government cuts spending and increases taxes to meet European budget rules that require countries to get their budget deficits down to 3 per cent of their annual gross domestic product.
Real estate markets are especially weak, due to a glut in office space and cuts in residential mortgage deductions.
The country's economic forecasting office expects the Dutch economy to shrink for the second year running in 2013 before muted growth returns in 2014.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Firefighters to back Judy W-L
Officer wins bid to move inquest to Winnipeg
WPS overstaffed and inefficient: Fraser Institute
Katz, Browaty announcing investment at Chornick Park
Authors Stenson, Pick at news café
Confusing WSD boundaries on candidates' meeting agenda
TIme to vote for the all-time offensive line Bomber player
Weather warming up for first week of fall
Police continue probe of 'very horrific incident'
Wrong to count NDP out: experts
Unfinished galleries make for a disappointing opening for human rights museum
Feeling lukewarm over the summer that was
Fall TV preview: Four new shows hitting screens on Monday
Slick Nik Ehlers Jets' big story as pre-season begins tonight
Green protesters join thousands worldwide
Sextet gets its groove on
Maze Runner leaves A Walk in the dust
Minimum wage hike necessary as CPI climbs
ALS volunteer knows value of care
Drug policy seriously outdated
Chiarot all meat and potatoes
Downs crosses finish line with special day
Chrétien's speech a highlight of human rights gala
Minnesota Wild at Winnipeg Jets, Sept. 22
Edge gets an edge on mountain homes
Target eyes shortcomings in Canada
The bitter truth
Brohm preps for Blue debut
Rolling Thunder lower boom on Rifles
Eritrean eats go downtown
Law and order is coming to WSD
Don't discount outlet channel