Belgian Minister of Finance speaks at WTC Brussels

BRUSSELS, BELGIUM - The Belgian Minister of Finance Mr. Johan Van Overtveldt held a speech on May 22 to the business members of the WTC Brussels at the Chateau St. Anne.

The minister spoke about the Belgian economy and the international environment. He mentioned four reasons that explained the very slow European recovery in spite of the low oil prices and the more competitive Euro.

• The risk of eventual exit of the European Union by the United Kingdom.
• Russia, the uncertainties related to Mr. Putin’s actions in particular in Ukraine.
• The Grexit (the exit of Greece from Eurozone). 
• The present Chinese overcapacity in production and the potential real estate bubble which may result in a crisis that will slow down the global economy. 

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