Bloomberg extremely hard on Belgium: “Living beyond his means”

In a piece about Belgian public finances and national debt, the press agency Bloomberg the comparison with the United States. Belgium is – perhaps not entirely unjustly – portrayed as the problem student in the European classroom.

Noted: “The lack of restraint that overshadows Belgian government spending resembles the US, but without the impunity of the dollar,” writes Bloomberg.

• Belgium borrows too much, just like the US, it sounds. Just like in that country, the debt ratio, as a percentage of GDP, exceeds 100 percent. And in both countries, if policy remains unchanged, this would increase by 10 percentage points by 2029, the International Monetary Fund calculated.
• The annual budget

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