Posted 11/23/2023, 11:37:00 AM
Far-Right, Anti-EU Party Wins Shock Election Victory in Netherlands, Threatening Political and Economic Stability
- Shock election win for Dutch far-right, anti-EU Freedom Party led by Geert Wilders sets stage for months of uncertainty in forming new coalition government
- Wilders' anti-EU stance and policy positions like strict immigration curbs and higher bank taxes may challenge Netherlands' business-friendly image
- Pension reform passed in July moving system to defined contribution is under threat by opponents now holding majority in parliament
- Banks fell on worries about potential higher taxes under new government
- Government spending expected to remain expansionary with similar budget deficit forecast in coming years