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 © 2015 euronewsMore about:
- 1Memorial march: “My hope for Russia has died with the death of Boris Nemtsov”
- 2Estonia votes in election amid concerns over Russia
- 3Tens of thousands march in Moscow in memory of Boris Nemtsov
- 4USA: Los Angeles police shoot homeless man dead
- 5‘Blue’ dress causes internet confusion. Is it white and gold?
- 1‘Blue’ dress causes internet confusion. Is it white and gold?
- 2Tens of thousands march in Moscow in memory of Boris Nemtsov
- 3Putin promises to hunt down killers of opposition figure Boris Nemtsov
- 4Stand-off at ‘anti-Islamisation’ march in north-east England
- 5Japan: Was brutal murder of boy, 13, inspired by ISIL?
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2eurovibes - a selection of Europe’s best music talent
- 3Exclusive: CIA and Mossad are behind Boko Haram and ISIL, says Sudan president | euronews, world news
- 4Greek debt: who will pay if Greece fails? | euronews, world news
- 5English and Spanish among happiest languages | euronews, world news
- 6Exclusive: Tsipras promises meritocracy, transparency for Greece, urges Europe to put people first | euronews, world news
- 7Dramatic dashcam video captures Taiwan plane crash | euronews, world news
- 8International news | euronews, latest international news
- 9Data ‘mocks’ claims migrants try for Europe ‘expecting’ sea rescue | euronews, world news
- 10European Union News | euronews: latest breaking news and headlines about European Union
- 11Watch: Ukraine MPs in fierce fist fight outside parliament | euronews, world news
- 12Tens of thousands march in Moscow in memory of Boris Nemtsov | euronews, world news
- 13‘Blue’ dress causes internet confusion. Is it white and gold? | euronews, world news
- 14Live updates: follow the 2015 Oscars ceremony | euronews, world news
- 15euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 16Kosovo emptying out, hopes for independent future exhausted | euronews, world news
- 17Implanted RFID chip controls office access for Stockholm workers | euronews, hi-tech
- 18Elastic road surface reduces motorway noise pollution | euronews, futuris
- 19Canada: Valentine’s Day mass shooting plot foiled say police | euronews, world news
- 20Barack Obama’s silly Buzzfeed video goes viral | euronews, world news
Wires > News
- 15:48 CET U.N. nuclear watchdog says pace of Iran’s cooperation slow
- 15:45 CET Jordan cabinet reshuffle solidifies PM Ensour’s mandate
- 15:20 CET Sri Lankan doubts on loans, submarines seen as rebuff to Beijing
- 15:09 CET Twitter, law enforcement investigate alleged Islamic State threats
- 15:05 CET Insight – Why Nigeria’s restive oil region will only accept…
- 14:29 CET Police risk losing tech arms race with criminals – Europol
- 14:26 CET Fidel Castro finally meets the Cuban Five, spies turned heroes
- 14:22 CET Merkel says Greece must be more specific about its reform plans