Belfius is worried about Walloon funds: “The rise of the PTB represents a monetary danger”
“Belfius want to revise its cashier contract downwards. It’s true that Wallonia weighs closely in its portfolio and the financial institution fears being downgraded in flip if Wallonia’s funds deteriorate once more or if the score of Wallonia is revised downwards”, explains L’Echo, citing a supply within the authorities entourage.
Contacted, the financial institution stays discreet on the query and easily confirms that “the reflections regarding the circumstances of a doable extension are in progress”.
Belfius can be fearful a couple of doable arrival of the PTB in energy after the following elections in 2024. “Within the eyes of Belfius, the rise of the PTB represents a monetary danger with a concern of seeing Wallonia’s debt proceed to develop. C This is a component that was put ahead by Belfius throughout discussions across the renewal of the cashier contract”, explains a authorities supply.
To attempt to restrict this political danger, considered one of Belfius’ avenues could be to restrict the following cashier contract to 2 years, in order that it ends earlier than the 2024 elections. “This is able to permit the financial institution to see how the brand new Walloon majority goes negotiate its authorities settlement and handle the expansion of the debt”, underlines one other actor of the file.
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