The Dutch prime minister will on Monday launch a bid to salvage his austerity budget amid political chaos that could cost the country its AAA credit rating and plunge Europe’s debt rescue plans into disarray.

　　political chaos: 政治动乱

　　AAA credit rate: AAA 信用评级；这个是债券的信用等级，AAA最高，D-最低，等级越高的其承兑就越方便，抵押贷款也会比较容易，贴现的时候贴现率的折扣也会比较高，在外汇市场中，债券的信用评级决定了债券的流动性和可抵押性。

　　Mark Rutte, who is a key ally of Germany and the eurozone’s “hardliners” on financial discipline, has called an emergency cabinet meeting after budget talks collapsed at the weekend.

　　He is expected to resign today and announce snap elections, pushing yet another “core” eurozone country into political and economic uncertainty.

　　In France, early polls pointed to a victory of Francois Hollande in the first round of the presidential elections setting the stage for a run-off between the socialist challenger and incumbent Nicolas Sarkozy on May 6th. Mr Hollande has pledged to renegotiate the European fiscal pact that binds countries to a 3pc deficit limit by next year.

　　set the stage for: 为……提供舞台；为……创造条件

　　3pc（Three-Phase Commit Protocol）：三阶段提交协议

　　The “non-negotiable” fiscal pact, which was vetoed by David Cameron, triggered the collapse of the coalition government in the Netherlands.

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