Belgian Budget Talks Stall: No Progress at Kern Meeting, 10B Euro Gap Remains

Belgium's restricted ministerial committee (kern) ended Friday's budget meeting without significant progress, as the government seeks 10 billion euros in measures to meet EU spending norms by 2029 and avoid market pressure. The lack of progress signals potential political friction within the coalition, with the specter of a 'snowball' effect on public finances. The outcome is uncertain, but the fiscal gap remains a key risk for Belgian debt sustainability.

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