New Year festivities in the Netherlands became quite violent, although not as violent as in previous years. Boisterous young people started knife fights, vandalized businesses, torched cars, and even threw Molotov cocktails at the police. That last excess prompted the justice minister to admonish the revelers that their actions were “not really a party”.
In financial news, Belgium saw a record number of bankruptcies in 2011. Meanwhile, the jobless rate in Spain has hit a fifteen-year high. Finance Minister Luis de Guindos says that Spain’s financial position in 2012 could turn out to be even worse than previously predicted.
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