Belgium is at last about to have a government ending nearly five months without one since the May 25 elections.
Four centre-right parties agreed on Tuesday to form a coalition consisting of three Flemish parties and the French-speaking liberals.
Francophone Charles Michel at the age of 38 will be sworn in next week becoming one of Europe’s youngest prime ministers.
“We are very satisfied,” said Charles Michel. “It is important for our country. It is important for the stability. It is a strong agreement with a strong political will to implement important social and economical reforms. We are convinced that we have to create jobs in the years to come and we support concrete measures in order to do that.”
Belgium’s debt is currently among the highest in the eurozone at about 100 percent of GDP.
The coalition has vowed to bring the country’s budget back into the black and intends to unveil its new budgetary plans on Wednesday.
They are expected to include more spending cuts than tax hikes.The four parties have already agreed to raise the state pension age from 65 to 67.