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Spending more than half of national wealth every year while still running a 5% deficit is simply stalling. Every month a budget gets punted, the interest bill climbs and the room to choose shrinks, until bond markets make the call instead of elected officials. Real spending cuts now beat a forced reckoning later.
Asking pensioners to accept the deepest cuts in decades while shielding the wealthy from contributing is why these talks keep collapsing. Past consolidations worked by pairing savings with new revenue, and demanding only half that formula is no plan. Wrecking the welfare that keeps Belgium together only buys short-term budgetary relief while harming workers.