New Belgian Coalition Pushes Back Budget Goal by 2 Years
This article is for subscribers only.
Belgian negotiators formed a four-party government, the first without Socialists in 26 years, and agreed to push back its main European Union budget target by two years to cut Europe’s highest labor taxes.
Flemish Nationalists of N-VA, Flemish Christian Democrats of CD&V and the liberal parties on both sides of the country’s linguistic divide, Open VLD and Mouvement Reformateur, reached an agreement yesterday after a 28-hour meeting in Brussels, Open VLD party leader Gwendolyn Rutten said in a Twitter post. MR party leader Charles Michel, 38, will become prime minister, Rutten said.