The country’s tense negotiations hinged on taxing and social spending — and they highlight issues facing Europe, and Western democracies, as a whole.

Political parties in Belgium agreed on Friday to form a new government, the office of Belgian King Philippe said, ending almost eight months of complicated talks that followed the election victory of Flemish nationalist party N-VA.

Five Belgian parties struck a coalition deal on Friday to form a new government headed by Flemish conservative Bart De Wever, after over seven months of tortuous negotiations. The flamboyant Flemish politician had threatened to throw in the towel on the hunt for a coalition if no deal was reached Friday -- and the agreement was struck with just hours to go.

It will be all the more important to harness the collective power of both NATO and the EU to safeguard shared values and interests, says Mark Rutte - Anadolu Ajansı

The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above the current 2% of national output at a June summit of the alliance that will set a new level, European Council President Antonio Costa said.