Largely in debt, is Belgium at risk of finding itself like Greece in 2008? This expert is categorical

Belgium’s debt continues to increase. A situation that we must keep an eye on so as not to see it degenerate. In this sense, is a “gracque” scenario possible here?

Guest of the 7:50 am of bel RTL, the commissioner of the Planning Bureau, Baudouin Regout, spoke about the financial situation of Belgium.

Belgium was placed this summer by the EU under reinforced economic surveillance, through an excessive deficit procedure, just like France and a handful of other countries.

However, Baudouin Regout notes several positive elements, such as the fact that the Belgian economy “resisted the crisis quite well“, than purchasing power”works better than in some countries“But this has resulted in an increase in public deficits, and consequently, in the debt. Therefore, the interest charge amounts to 10 billion euros each year, a sum which must be “paid to banks and financial markets rather than going into public policies“.

With this debt which continues to increase, could Belgium find itself in the same situation as Greece during the financial crisis of 2008/2009?

“This is certainly not the case. We are very far from it“, assures the emblem Baudouin Regout. “Moreover, the rating agencies, which are looking at the situation very closely, are not saying so. It’s true that if we do nothing for years and years, naturally under the effect, for example, of the cost of aging, the bill will increase. The deficit will increase and at some point, it will no longer be okay. So it’s really if we do nothing for years that the markets will start to worry.”

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