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Netherlands real estate bubble bursts during downturn

Figures have confirmed that the countries that share the Euro currency finally emerged from recession in the second quarter of 2013, with growth of 0.3%.

However, despite the cautious optimism, the economic picture remains far from rosy and not just for those in the south of Europe.

The Netherlands is struggling with the bursting of a real estate bubble, on a scale only seen in the United States and Spain.

Nigel Cassidy reports.

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