Belgian Prime Minister Offers Resignation
Belgian Prime Minister Bart De Wever offered his resignation after coalition budget talks collapsed. King Philippe began consulting party leaders to avert a lengthy political crisis.
Belgium Prime Minister Bart De Wever offered his resignation on Monday after overnight budget talks collapsed, plunging the government into a severe political crisis. The collapse follows months of deadlock over €10 billion ($11.2 billion) in proposed spending cuts and tax increases aimed at stabilizing public finances. The political paralysis threatens fiscal reform plans as borrowing costs surge across European bond markets.
