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Dutch shoot down EU budget rise proposal

The Netherlands on Tuesday rejected a European Union request for an extra 11.2 billion euros from member states, with Finance Minister Jeroen Dijsselbloem saying the money should be found elsewhere. "I cannot agree with the supplementary budget," Dijsselbloem said in a letter to the Dutch parliament, referring to the European Commission's request last week for more money in its 2013 budget to cover bills left unpaid from last year. Britain has already said the request was "unacceptable" at a time when states are struggling to reduce their deficits.

Dutch state nationalises troubled bank SNS Reaal: minister

The Dutch state on Friday nationalised troubled banking and insurance group SNS Reaal, at a cost of 3.7 billion euros, Finance Minister Jeroen Dijsselbloem said. "Today, SNS Reaal has been fully taken over by the Dutch state. I have nationalised SNS Reaal," Dijsselbloem told a press conference, after a deadline expired to find a solution for the bank. "With the Dutch Central Bank's deadline passing last night and without finding a solution there was an immediate and dangerous situation for financial stability," Dijsselbloem said.

URGENT ¥¥¥ Dutch state nationalises troubled bank SNS Reaal: minister

The Dutch state on Friday nationalised troubled banking and insurance group SNS Reaal, at a cost of 3.7 billion euros, Finance Minister Jeroen Dijsselbloem said. "Today, SNS Reaal has been fully taken over by the Dutch state. I have nationalised SNS Reaal," Dijsselbloem told a press conference. cjo-jhe/yad
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