Dutch government to resign over childcare subsidy scandal – NOS

Eren Sengezer FXStreet

Dutch Prime Minister Mark Rutte and his government will resign over a childcare subsidy scandal that "drove thousands of families to financial ruin," Reuters reported on Friday, citing Dutch news outlet NOS.

There hasn't yet been an official confirmation of this news at the time of press.

Market reaction

The market mood remains sour following this development. As of writing, the Eurostoxx 50 and Germany's DAX 30 indexes were both down around 0.9% on the day. Meanwhile, the shared currency is struggling to attract investors and the EUR/USD pair is losing 0.3% at 1.2120.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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