In the last few days budget woes have move their way from the southern periphery to the northern core, The Netherlands finds itself in a budget crunch, a chilling warning to those who assume there will always be a strong northern core that can afford to bailout the profligate south. That assumption is now being called into question.
There will be more than a little schadenfreude among those on the receiving end of Dutch fiscal lectures in recent months, you can be sure.
