**Worried about the financial situation of Wallonia and the outcome of the elections in 2024, the bank insurer Belfius would seek to reduce the cashier’s contract that has bound it to the Region for years, L’Echo and De Tijd reported on Tuesday.**
“Belfius would like to reduce its cashier contract. It is true that Wallonia weighs heavily in its portfolio and the bank fears that it will be downgraded in turn if Wallonia’s finances deteriorate again or if its rating is downgraded,” explains L’Echo, citing a source in the government’s entourage.
When contacted, the bank remained discreet on the issue and simply confirmed that “reflections on the conditions for a possible extension are underway”.
Belfius is also concerned about a possible arrival of the PTB in power after the next elections in 2024. “In the eyes of Belfius, the rise of the PTB represents a financial risk with a fear that Wallonia’s debt will continue to grow. This is an element that was put forward by Belfius during the discussions on the renewal of the cashier’s contract”, explains a government source.
To try and limit this political risk, one of Belfius’ ideas would be to limit the next cashier’s contract to two years, so that it ends before the 2024 elections. “This would allow the bank to see how the new Walloon majority will negotiate its government agreement and manage the growth in debt,” said another source.
Well one upside I see is that Belfius is doing prudent risk management if they can withstand political pressure to NOT impose these terms.
What do you mean locking gas and energy at a stupidly low price is going to be a financial disaster? But angry Raoul told me he’s going to do that for us in the youtube commercial!
He probably wants to compensate the financial hole he creates by locking up muslim communities in focred labour camps like his big example China does…
More like a financial opportunity, because, unlike the PS, they aren’t corrupt.
That’s why the PS will never govern with the PTB, they like money too much.
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Normal they getting worried if you see that debt!
**Worried about the financial situation of Wallonia and the outcome of the elections in 2024, the bank insurer Belfius would seek to reduce the cashier’s contract that has bound it to the Region for years, L’Echo and De Tijd reported on Tuesday.**
“Belfius would like to reduce its cashier contract. It is true that Wallonia weighs heavily in its portfolio and the bank fears that it will be downgraded in turn if Wallonia’s finances deteriorate again or if its rating is downgraded,” explains L’Echo, citing a source in the government’s entourage.
When contacted, the bank remained discreet on the issue and simply confirmed that “reflections on the conditions for a possible extension are underway”.
Belfius is also concerned about a possible arrival of the PTB in power after the next elections in 2024. “In the eyes of Belfius, the rise of the PTB represents a financial risk with a fear that Wallonia’s debt will continue to grow. This is an element that was put forward by Belfius during the discussions on the renewal of the cashier’s contract”, explains a government source.
To try and limit this political risk, one of Belfius’ ideas would be to limit the next cashier’s contract to two years, so that it ends before the 2024 elections. “This would allow the bank to see how the new Walloon majority will negotiate its government agreement and manage the growth in debt,” said another source.
Translated with http://www.DeepL.com/Translator (free version)
You should have start worrying 20 years ago.
State owned bank giving voting advice.
[Ze zitten met de peut!](https://www.youtube.com/watch?v=AbEqI2T0xvQ)
Well one upside I see is that Belfius is doing prudent risk management if they can withstand political pressure to NOT impose these terms.
What do you mean locking gas and energy at a stupidly low price is going to be a financial disaster? But angry Raoul told me he’s going to do that for us in the youtube commercial!
He probably wants to compensate the financial hole he creates by locking up muslim communities in focred labour camps like his big example China does…
More like a financial opportunity, because, unlike the PS, they aren’t corrupt.
That’s why the PS will never govern with the PTB, they like money too much.
De [reactie](https://twitter.com/RaoulHedebouw/status/1569576358208053250) van Raoul Hedebouw is ook weer lachwekkend. Sakkeren omdat een bank haar verplichting nakomt om aan risicoanalyse te doen, je moet het maar kunnen…
Maybe our state owned bank should ask itself why the living conditions in our lovely state are pushing people to vote for more extreme parties