Belgium is on its way to becoming another Greek for the EU.
The newspaper Wirtschaftsvouchhe discussed the escalation of the debt crisis in Belgium as a new challenge for the European Union and wrote: This member state of the European Union is drowning in debt and the financial markets are extremely worried.
For more than a week, the ruling coalition in Belgium has been trying without success to reach an agreement on the federal budget for this year and next year.
This stalemate forced Belgian Prime Minister Bart de Viber to submit his official resignation to the king.
Belgium's debt crisis has put that country on the path to becoming another crisis-ridden Greece for the European Union.