One week, two set-backs for Belgium. First markets started attacking its debt, then the putative prime minister throws in the towel in his protracted efforts to form a new government, citing lack of common ground between the main political parties over the 2012 budget. After 529 days of negotiations, is it time for a technocratic government?
It’s probably a bit soon. Elio Di Rupo, the Socialist leader, may have offered his resignation to King Albert II, but it has yet to be accepted. It would not be the first time that Di Rupo has “resigned”, only to be begged to stay on as new, unexpected consensus is found. The King, at his countryside estate recovering from a recent nose operation, is consulting party leaders this week and will advise on Di Rupo’s fate later this week. A few have already reaffirmed their faith in Di Rupo.
Two factors suggest a government is closer at hand than may at first seem the case. Read more