DEFUSING THE THREAT: The Netherlands nationalized its fourth-largest bank on Friday, injecting $3 billion into SNS Reaal NV to head off any chance of a messy collapse that would threaten the country's economy and financial system.
DEFICIT EFFECT: The cost means Netherlands' budget deficit in 2013 will be higher than the 3 percent allowed under European Union rules unless the Cabinet comes up with more unpopular austerity measures.
THE BANK: SNS has insurance and banking operations, including about 10 percent of Dutch retail deposits. Its decline occurred over several years as sliding property values eroded its real estate loans portfolio.
Rand Paul on NSA: “I Believe What You Do on Your Cell Phone is None of Their Damn Business” | Daniel Doherty
Mirror, Mirror, on the Wall, Which Nations Maintain the Rule of Law Best of All? | Daniel J. Mitchell