No government, no plan: Brussels braces for credit downgrade
An in-depth look at Brussels’ debt shows how a severe S&P downgrade on Friday could trigger a cash crunch — and a constitutional showdown.
Brussels spent €7.8 billion in 2024, against revenues of just €6.3 billion. At the current spending rate, the debt is projected to reach €16 billion by the end of 2025, with a debt-to-revenue ratio of 250%. Credit: Belga
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