Hundreds march in Amsterdam against banks bailout

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Hundreds of people marched on the Dutch central bank in Amsterdam on Saturday to protest against the government's bailout of failing banks amid the economic crisis.

The Hague - Hundreds of people marched on the Dutch central bank in Amsterdam on Saturday to protest against the government's bailout of failing banks amid the economic crisis.

"We symbolically besieged the bank to show our dissatisfaction with the government's handling of the crisis," Max van Lingen, a spokesman for the Internationale Socialiste (International Socialists) lobby group told AFP.

He said some 700 people took part in the protest, with some carrying banners reading: "Let the rich pay for the crisis."

"We don't understand how there is money for the banks while spending cuts are in the offing for areas like education and healthcare," he said.

"We are not happy with the government's message that everyone must now help pay for the crisis while the bank bosses appear to be getting off scot free."

Police put the number of protesters at 400 to 500.

In its 2010 budget presented earlier this month, the government unveiled plans for unprecedented spending cuts of up to 20 percent in the face of a ballooning budget deficit partly caused by it injecting billions of euros into a faltering financial sector.

World leaders from the G20 group of nations gathered in the US city of Pittsburgh this week to discuss the fallout from the global economic crisis. The Netherlands, which is not a G20 member, attended on invitation.

AFP/Expatica

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