Angry Belgium denies crash rumours

Published on 26 November 2010 at 11:50

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"Why the British press is wrong about Belgium," headlines De Morgen, taking issue with reports on the national economy published by The Guardian and The Independent. Both newspapers singled out the country as a potential risk for the stability of the euro, and like Portugal and Spain, it could be “the next domino to fall." However, De Morgen points out that Belgium’s national debt is much lower than Greece’s, while its budget deficit stands at 4.8% (as opposed to 7.3% in Portugal) and its economy is growing faster than the economies of other European countries, most notably France. However, a De Standaard article is considerably less optimistic, remarking that if the Belgian political crisis is not resolved soon, "a financial crisis in the country will be inevitable."

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