May 16, 2024 10:59 GMT
New PM Announcement Awaited, Mediator Plasterk Frontrunner
NETHERLANDS
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Following the announcement on 15 May that an agreement had been reached on a four-party coalition gov't, attention is turning the potential identity of the next head of gov't and cabinet of ministers. The coalition agreement confirms that none of the party leaders, including right-wing populist Party for Freedom (PVV) head Geert Wilders, will serve as PM and that one-half of cabinet ministers will be non-party aligned. The House of Representatives will debate the coalition agreement on Wednesday 22 May.
- The frontrunner to take over from incumbent PM Mark Rutte is the individual who has mediated in the coalition talks, former Labour Party (PvdA) minister Ronald Plasterk.
- Plasterk had retired from politics prior to his return as informateur, and in spite of his PvdA membership is seen as a potentially reliable neutral figure that could gain approval from all four parties in the new gov't. If Plasterk is designated as formateur (the individual who formally appoint ministers) in the coming days it could be a signal that he is set to become PM.
- Following the appointment of a formateur and ministers, they each face a confirmation hearing in parliament. Only after this can the PM and cabinet take an oath to the King and formally take office. Given that a sizeable number of ministers will need to face hearings this process could take up to a month, potentially delaying the new gov't taking office until mid-to-late June.
236 words