In Belgium, the political stalemate is set to end with Elio di Rupo likely to become the next prime minister after the King asked the French speaking socialist leader to form a new government.
The move comes after the political parties reached a deal on the 2012 budget in which Belgium would reduce its deficit to 2.8 percent of gross domestic product.
The agreement cleared the last major obstacle to the formation of an new government more than 18 months after elections were held.
“I think that we can be satisfied we have a budget that was put together in a responsible way and that offers perspective. It includes things that need to be done, also things that are not always pleasant,” said Bruno Tobback, leader of the Flemish socialist party.
“Europe wanted measures to keep more people at work,and we go a long way towards that goal. This is a budget with reforms that will satisfy Europe,” was the reaction of Alexander De Croo, leader of the Flemish liberal party, Open VLD.
Pressure was building on Belgium to act after Standard and Poors downgraded the country’s credit rating, saying the government’s inability to respond to economic pressures had contributed to the downgrade.
Under the new budget it is expected Belgium will be able to balance its books in 2015.
Analysts said the intervention by S&P was decisive in getting the six parties in talks to reach a deal, overcoming deep-seated linguistic and political divisions.
Copyright © 2014 euronewsMore about:
- 1Israel: Hamas praises Jerusalem attack which killed baby girl
- 2Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 3Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 4Police search for possible suspects following attack on Canada’s parliament
- 5Intruder sparks lockdown at the White House
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 7Sweden becomes first European nation to recognise Palestine | euronews, world news
- 8How nasheeds became the soundtrack of jihad | euronews, world news
- 9International tv news | euronews: European and International tv news bulletin
- 10European Union News | euronews: latest breaking news and headlines about European Union
- 11Iceland volcano ‘pollutes Paris’ | euronews, world news
- 12Ebola: Six new suspected cases in Spain | euronews, world news
- 13Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
- 14Learning through “serious games” | euronews, learning world
- 15All you need to know about the Ebola virus | euronews, world news
- 16US delivers technical aid to Ukraine but warns over security | euronews, world news
- 17euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 18Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
- 19Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 20International news | euronews, latest international news
Wires > News
- 02:55 CET Two killed, four wounded in Washington state school shooting
- 02:10 CET Virginia remains identified as those of missing college student
- 01:25 CET U.S. says Palestinian-American killed by Israeli forces
- 01:17 CET Mali’s first Ebola case, a two-year-old girl, dies – officials
- 01:12 CET Attacks in Egypt’s Sinai kill 33 security personnel
- 23:26 CET Drone strike kills three al Qaeda-linked militants – tribal sources
- 22:42 CET At least four dead in escape bid at model Dominican Republic jail
- 22:34 CET Lebanon army clashes with gunmen, kills two in Tripoli – sources