Dutch Prime Minister Mark Rutte of the Liberal Party, Diederik Samsom (L) of the Labour Party and Labour Party member Wouter Bos (R) attend a news conference at The Hague October 29, 2012. REUTERS/Michael Kooren
THE HAGUE (Reuters) - Dutch Prime Minister Mark Rutte's Liberals agreed a coalition with the Labour Party on Monday and vowed to follow a path of austerity.
Outlining nearly 16 billion euros (12.8 billion pounds) of cuts over the next four years, the two party leaders said the measures were needed to ensure a sustainable budget and meet European Union deficit rules.
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