The new Rutte cabinet took up office on 14 October, and has since announced an agenda of severe cost cutting. Most of the savings will involve government (€ 6.1 bn), social security (€ 4.3 bn) and international cooperation (€ 1.9 bn).
Economic Quarterly Report
While the economy still appeared to be firing on all cylinders in the first quarter of 2011, by the second quarter the increase in economic activity had stagnated all but completely. The Dutch economy grew by only 0.1% on a quarterly basis, a rate that nevertheless did not come as a surprise
Economic Update Dutch version
The economic slowdown means nothing more than a soft landing for the Dutch economy. In the fourth quarter of 2010 and the first quarter of 2011 real economic growth averaged 2.6% on the year before, well above the long-term trend growth of around 2%.