Paul Magnette’s Insight on Wallonia’s Financial Situation: Debunking the Bankruptcy Claims

2023-12-13 19:39:00

Paul Magnette was the Alex Reed of RTL info Signatures this Wednesday. The president of the Socialist Party returned to the comments of Cécile Neven, the CEO of the Union Wallonne des Entreprises, who made strong remarks at the microphone of Martin Buxant this Wednesday morning. At the question “Could Wallonia one day go bankrupt if it continues like this?“, Cécile Neven responded bluntly. “I think so. We absolutely must straighten things out. Our children and grandchildren will never forgive us for leaving them an unpayable debt because we decided to live beyond our means.“.

Also read: Is Wallonia headed straight for bankruptcy? “Yes”, for the boss of bosses

Belgium’s budget is one of the biggest deficits in Europe, only Slovakia is worse. But Paul Magnette is more optimistic. “No, we are not bankrupt. We need to stop scaring people. She [Cécile Neven, ndlr] exaggerates and it’s an exaggeration that we hear all the time. Even the rating agencies say that Wallonia’s financial situation is healthy. Of course, there is a deficit, but everyone has one“.

To justify the Walloon deficit, the mayor of Charleroi then mentioned the aid which followed the floods, the heatwaves, but also the Covid.

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