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Posted: 8/20/2012 5:09:39 AM EST
Numerous apartments are seen for sale in Utrecht August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
Office space is seen for rent in Nieuwegein August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
Office space is seen for rent in Nieuwegein August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
Two horses are seen in a meadow in Lansingerland August 14, 2012. The meadow was meant to be developed into hundreds of new houses but the investor went bankrupt.The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
A weathered wooden sign advertising new luxury housing is seen in Lansingerland August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
A weathered wooden sign advertising new luxury housing is seen in Lansingerland August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
A woman bicycles past land that was meant to used for a big housing project in Lansingerland August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/20/2012 5:09:39 AM EST
Empty meadowland that was meant to be used for housing projects is seen in Lansingerland August 14, 2012. The euro zone crisis is washing over the walls of one of the region's safest havens. So far the Netherlands, a founding member of the European Union and fiscal hawk along with neighbouring Germany, has been spared the dramatic collapse of property prices associated with southern European countries such as Spain. Now, though, four years after the global financial crisis first hit, the economy is on the brink of another recession. And steadily sinking property prices are exposing a deep Dutch weakness: unpaid mortgages. Picture taken August 14, 2012. REUTERS/Michael Kooren
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Posted: 8/8/2012 9:58:24 AM EST
FILE - In this April 14, 2008 file photo new Audi and Volkswagen cars stand ready for export at the harbour of Emden, northern Germany. Germany's Federal Statistics Office says Wednesday, Aug. 8, 2012, the country's exports dropped in June as the European financial crisis continues to weaken other countries within the eurozone. Exports dropped 1.5 percent in June over May, to euro 92.3 billion, when adjusted for seasonal discrepancies and work days. Imports dropped 3 percent to euro 76.1 billion for a trade surplus of euro 16.2 billion. (AP Photo/dapd, Nigel Treblin)
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Posted: 8/8/2012 9:58:23 AM EST
FILE - In this May 15, 2012 file photo containers pile up in Duisburg, Germany. Germany's Federal Statistics Office says Wednesday, Aug. 8, 2012, the country's exports dropped in June as the European financial crisis continues to weaken other countries within the eurozone. Exports dropped 1.5 percent in June over May, to euro 92.3 billion, when adjusted for seasonal discrepancies and work days. Imports dropped 3 percent to euro 76.1 billion for a trade surplus of euro 16.2 billion. (AP Photo/Frank Augstein)
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Posted: 7/29/2012 10:48:27 AM EST
FILE - In this July 21, 2012 file picture, German finance minister Wolfgang Schaeuble speaks about the European Financial Crisis during a a regional party convention of the Christion Democrats in Karlsruhe, southern Germany. Germany's finance minister said in an interview published Sunday July 29, 2012 that he can't see room for further concessions to Greece, insisting anew that the country must implement far-reaching reforms and cut its budget deficit. (AP Photo/dapd/Michael Latz, file)
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Posted: 7/10/2012 11:38:22 AM EST
Britain's Prime Minister David Cameron, rear, arrives with France's President Francois Hollande for their bilateral meeting at Number 10 Downing Street in central London, Tuesday July 10, 2012. Prime Minister David Cameron's office says he plans to discuss the eurozone financial crisis and the violence in Syria Tuesday in talks with France's new president. (AP Photo/Andrew Winning, Pool)
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Posted: 7/10/2012 11:38:22 AM EST
Britain's Prime Minister David Cameron, left, greets France's President Francois Hollande at Number 10 Downing Street in central London, Tuesday July 10, 2012. Prime Minister David Cameron's office says he plans to discuss the eurozone financial crisis and the violence in Syria Tuesday in talks with France's new president. (AP Photo/Andrew Winning, Pool)
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Posted: 7/10/2012 11:38:22 AM EST
Britain's Prime Minister David Cameron, left, greets France's President Francois Hollande at Number 10 Downing Street in central London, Tuesday July 10, 2012. Prime Minister David Cameron's office says he plans to discuss the eurozone financial crisis and the violence in Syria Tuesday in talks with France's new president. (AP Photo/Andrew Winning, Pool)
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Posted: 7/5/2012 3:23:37 PM EST
FILE - In this Thursday, May 10, 2012, file photo, automobiles pass a JP Morgan Chase building in New York. The banking industry has come a long way since the financial crisis struck in 2008. A sturdier economy, healthier loan portfolios, low interest rates, higher fees on bank accounts and a wave of mergers have combined to reduce the number of bank failures. (AP Photo/Frank Franklin II, File)
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Posted: 7/5/2012 3:23:37 PM EST
In this Monday, Feb. 2, 2009, file photo, FDIC, bank personnel and a sheriff deputy work inside the corporate office of MagnetBank in Salt Lake City. The banking industry has come a long way since the financial crisis struck in 2008. A sturdier economy, healthier loan portfolios, low interest rates, higher fees on bank accounts and a wave of mergers have combined to reduce the number of bank failures. (AP Photo/Douglas C. Pizac, File)
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Posted: 6/20/2012 12:03:26 PM EST
The head of Greece's conservative New Democracy party, Antonis Samaras, enters the President's office to take the mandate to form the new government in Athens on Wednesday June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country’s future in Europe’s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Andreas Solaro,pool)
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Posted: 6/20/2012 12:03:26 PM EST
The head of Greece's conservative New Democracy party, Antonis Samaras, left, is welcomed by the President Carolos Papoulias in Athens on Wednesday June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country’s future in Europe’s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Andreas Solaro,pool)
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Posted: 6/20/2012 12:03:26 PM EST
Greek conservative New Democracy leader Antonis Samaras is sworn in during a ceremony at the Presidential Palace as Greek president Karolos Papoulias, background left, looks on, in Athens, on Wednesday, June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country’s future in Europe’s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Petros Giannakouris)
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Posted: 6/20/2012 12:03:26 PM EST
Greek conservative New Democracy leader Antonis Samaras, right, is sworn in during a ceremony at the Presidential Palace as Greek president Karolos Papoulias, background, looks on, in Athens, on Wednesday, June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country’s future in Europe’s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Petros Giannakouris)
