Political crisis in Belgium: Prime Minister De Wever to the king to offer the resignation of the cabinet

Belgian Prime Minister Bart De Wever will resign today after failed budget negotiations. He will meet King Philippe to present his resignation following unsuccessful talks with his cabinet. The government needs to save 10 billion euros to meet EU spending limits, as last year's deficit was 5%, exceeding the 3% allowed. Belgium's national debt is over 735 billion euros, significantly above the permitted 60% of GDP. If the king accepts the resignation, new elections will be called, but he may also refuse or delay the decision.