“The king, who travelled through the streets of The Hague to address MPs and senators in an ornate horse-drawn golden carriage, said the transformation would be particularly noticeable in social security and long-term healthcare policies. The trade-dependent Dutch economy is in the fourth quarter of a recession and is struggling even as other European countries return to growth. The austerity measures will reduce Dutch households’ purchasing power by 0.25 percent in 2014. The budget announcement came with the government in free-fall in opinion polls. A poll said that the ruling Liberal-Labour coalition would lose around half its seats in parliament were elections held now.”
