On Thursday 12 June, the Eurogroup endorsed the European Commission’s assessment that Belgium’s draft budget plan for 2025 complies with the rules of the revised Stability and Growth Pact, subject to the activation by the Council of the European Union of the pact’s national opt-out clause, which will allow 16 EU countries to increase their national defence spending.
At the beginning of June, the Commission recommended a new path for correcting Belgium’s excessive public deficit by...