Dutch PM offer to resign after loosing backing from Freedom Party

Source: Bloomberg
Dutch Premier Mark Rutte offered his minority coalition's resignation after his cabinet lost backing from Freedom Party caused by disagreements over deficit cut plans. The Freedom Party supported PM Rutte for about 18 months. Political uncertainty in the Netherlands cause boost concerns across whole Europe as the Netherlands was one of the nations than strongly favoured European Union fiscal treaty and in case of political collapse may turn to less EU-supportive policies.
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Tue, 24 Apr 2012 06:42:28 GMT

Spain's GDP declines for a second quarter

Spanish economy contracted for a second straight month, Bank of Spain reported on Monday. Country's GDP dropped 0.4% in the 1st quarter and slipped 0.5% on annual basis. The official gauge will be delivered by The National Statistics Institute on April 30. Nation's government expects a 1.7% declined in the economy this year.

Tue, 24 Apr 2012 06:19:27 GMT

US shares drop on European worries amid Wal-Mart scandal

US major stock indices dropped sharply on Monday, following their European counterparts as investors digested news about political uncertainties in the Netherlands and France while retail giant Wal-Mart was engaged into bribery scandal in Mexico. S&P 500 fell 0.84% or 11.59 points and closed at 1,366.94, Dow Jones Industrial Average shed 0.78% or 102.09 points to 12,927.17 while Nasdaq Composite

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