Holland's caretaker government yesterday reached a deal with the opposition parties on the 2013...

|By:, SA News Editor

Holland's caretaker government yesterday reached a deal with the opposition parties on the 2013 budget, which will reduce the deficit to the EU ceiling of 3% via social service cuts, pay freezes and higher taxes, including "sin taxes" on alcohol and tobacco. The deal should increase Holland's chance of keeping its AAA rating.