Belgian PM De Wever Resigns as Budget Talks Collapse; King Philippe Delays Decision
Belgian Prime Minister Bart De Wever tendered his resignation on November 2, 2026, after overnight budget negotiations failed to reach an agreement. King Philippe accepted the resignation but has not yet decided whether to accept it, stating he will consult with party leaders before making a final decision. The crisis stems from a deep divide within the five-party 'Arizona' coalition over how to cut the national deficit, with conservatives favoring spending cuts and centrists and socialists pushing for higher taxes on wealthy individuals. Belgium faces a deadline of December 31 to secure a 2027 budget, and the impasse has already led to rising interest rates on government bonds.
