Netherlands: Moderate Parties Hold Onto Power

A general election in the Netherlands on March 15 led to a fragmented parliament, meaning a coalition of several parties will be needed to form a government. Through the results, voters expressed frustration with the establishment parties in power but also mostly rejected extremism.
According to early results, Prime Minister Mark Rutte’s center-right People’s Party of Freedom and Democracy won 32 of the 150 seats in the House of Representatives, clearing the way for Rutte’s reappointment as prime minister. But although Rutte’s party managed to remain the most popular in the country, it lost nine seats from the previous election in 2012. In the meantime, Rutte’s current coalition partners, the center-left Labor Party, suffered a major defeat, falling from 38 seats to only 10.

This post was published at FinancialSense on 03/16/2017.