Dutch central bank warns on budget deficit

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The Netherlands Bank released a stern document on March 2 demanding action to balance the country's budget. The central bank said the "highest priority" must be given to restructuring the country's public finances.

The latest edition of the central bank's regular bulletin offered "eight reasons to curb the deficit now". These included arguments relating to the scope for structural reforms to help the situation, the minimal impact of deficit reduction on growth and consumer confidence.

The first

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