Dutch headache is coming for Eurobonds

Sufficient flexibility: Spectators watch ships sail into the Dutch capital’s harbour for a festival in Amsterdam. The Netherlands accounts for just 7% of the eurozone economy, yet it has more than half of all pension savings in the bloc. — AP

AMSTERDAM: There’s a near €2 trillion (US$2.3 trillion) upheaval coming for European bond markets to cap a 2025 already marked by tariff twists and turns, deficit worries and now a political crisis in France.

The storm is centred on a long-planned reform of the Dutch pension system, the European Union’s biggest.