i on europe

Icon

Brussels blog by some wire service journalists

Belgian parties near deal to create government

Elio di Rupo is expected to beecome Belgium's next prime minister

By DON MELVIN

BRUSSELS — Political negotiators in Belgium, stung into action by a credit downgrade, agreed Saturday on budgets for the next three years, clearing the way for the country to get a permanent government in the coming days.

Belgium has had only a caretaker government since June 13, 2010, as a series of negotiators tried and failed to bridge the divide between the country’s 6.5 million Dutch-speakers and its 4.5 million French-speakers. But the talks were given much greater urgency late Friday when Standard & Poor’s downgraded Belgium’s credit rating, potentially leading to increasing interest rates and a downward financial spiral.

Negotiators for six political parties hurriedly resumed their talks at 6 p.m. on Friday and continued through the night. They reached a deal around noon on Saturday.

Guillaume de Walque, a spokesman for Elio di Rupo — the man leading the talks and the presumed new prime minister — told The Associated Press by text message the parties have reached an agreement on the budgets for 2012, 2013 and 2014, as well as on structural reforms and labor and pension reforms.

READ THE FULL STORY HERE.

Filed under: Story links

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Don Melvin

Slobodan Lekic

Raf Casert

  • Power of football! Spain's Anthem totally drowned out by whistles of Barca Catalans and Atletic Basques prior to so-called Spains King's Cup 1 day ago
  • The inevitability of Bolt at #london2012 is shattered now. Who cares about magic of the man if you run in double digits. Explaining to do! 1 day ago
  • What is up? Bolt running in double digits is like ... Bolt false starting with gold on the line. What does it mean for #london2012? 1 day ago
  • RT @nzaccardi: Pistorius officially last in 47.66. Pistorius runs in Eugene on June 2, NYC on June 9. Has until June 30 to qualify. 1 day ago
  • RT @nzaccardi: Caster Semenya was a distant second in 800m in Ostrava to Kenyan Olympic champion Pamela Jelimo. 1 day ago
Follow

Get every new post delivered to your Inbox.