The frontrunner Dilan Yesilgoz-Zegerius conceded defeat after a late surge in the final days of the campaign catapulted Wilders’s anti-EU party past his mainstream rivals. Wilders’s Freedom Party won 37 seats, according to a preliminary count, more than doubling his representation from the previous parliament and giving him 12 more than his closest rival.
Only once in recent Dutch history has the leader of the biggest party not become prime minister. Market reaction in the wake of the results was muted as traders took stock of the fact that coalition arrangements may take a long time to negotiate.
Wilders’s victory presents a challenge to the European Union project in one of the bloc’s six founding members as the world braces for the potential return of Donald Trump after next year’s US election. Wilders has promised voters a binding referendum on leaving the EU and railed against a range of the bloc’s policies on issues like climate change and immigration.
“The hope of the Dutch people is that they will get their country back,” Wilders said after an exit poll published by state broadcaster NOS.
Wilders’s prospects of leading the next government will hinge on his ability to forge alliances with rivals more to the center. In his post-election speech, Wilders called for a coalition that would include the liberal VVD, until recently helmed by outgoing prime minister Mark Rutte, which has indicated that it might be prepared to govern alongside him. “I am willing to compromise in talks with other parties,” he said.
The AEX index of the 25 largest stocks listed on the Euronext Amsterdam little changed in morning trading. Chip gear maker ASML Holding NV slipped 1 per cent while ING Groep NV was down 1.2 per cent at 11 am in Amsterdam. Dutch bonds were underperforming German peers by one basis point.
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