Banks demand a public guarantor for the national stadium
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    Banks demand a public guarantor for the national stadium

    ©Belga
    ©Belga

    None of the big Belgian banks are willing to lend even a euro to the constructor-developer of the future national stadium unless the Brussels-Capitale region acts as guarantor, L’Echo and De Tijd reported on Thursday. This is nothing revolutionary in itself, but Brussels officials always swore that not a single euro of public money would go into the project, L’Echo says.

    Eurostadt, the European Commission’s Statistics department, thinks that today more than ever projects involving the public sector often need consolidating, even if the private sector bears most of the financial burden. This adds to the public debt, which displeases the Finance minister.

    Sarah Johansson (Source: Belga)