The Prime Minister of the Netherlands, Mark Rutte, has submitted his letter of resignation to Queen Beatrix after entering into a governmental coalition with the extreme right-wing Freedom Party, led by Geert Wilders, which had refused to support the budget reduction. His resignation was immediately accepted. The Netherlands, is one of many European countries which still supports the “AAA”... 

French President Nikolas Sarkozy, left and French Prime Minister Francois Fillon, right. France is due to announce tighter fiscal measures, clamping down on tax breaks, as it seeks to restrain its deficit, amid concerns that the country could lose its AAA credit rating. French president, Nikolas Sarkozy ordered the budget and finance minister to pull together the measures earlier this month, after...