Markets nervous as Belgian coalition bid fails

[BoyRacer]

Markets nervous as Belgian coalition bid fails -> tvnz.co.nz/business-news/markets … ls-3993814

Belgium’s long political deadlock tightened and the chances of new elections grew on Thursday as a mediator stepped down after failing to resolve a seven-month-old row between French and Dutch-speaking parties.
Investors are increasingly nervous about the country’s ability to tackle its large public debt after more than 200 days of being managed by an interim government in the absence of a working coalition following June elections.

there is more

[Poor_Student]

Time to get the money out of Keytrade?

[Blue_Horseshoe]

Belgium is some ways is a very good indication of just how badly run Ireland has been for the last decade or so.

The fall out from 14 years of Fianna Fáil governance is a 10 year Irish government bond yield at 9.2% (Friday 7th’s figure) the effect on Belgium of having no functioning government for 208 days is theirs increased to 4.14%.

[

Belgian bonds fell for a third day as the failure to restart seven-party talks to form a government almost seven months after inconclusive federal elections heightened the risk of a downgrade in the country’s sovereign-debt rating.

](https://www.bloomberg.com/news/2011-01-06/belgium-s-leaders-seek-exit-from-political-impasse-as-bond-spreads-widen.html)

Despite all the recent commentary from the IDA, The President and various government ministers, the reality is undeniable, as a result of government policy and inaction in variously promoting, supporting and “turning a blind eye” to the creation of the bubble, internationally we are now seen as a complete shambolic basket case.

Blue Horseshoe

[yoganmahew]

Despite all the recent commentary from the IDA, The President and various government ministers, the reality is undeniable, as a result of government policy and inaction in variously promoting, supporting and “turning a blind eye” to the creation of the bubble, internationally we are now seen as a complete shambolic basket case.

Ah no, Blue Horseshoe, Belgium is a complete shambolic basket case. The words haven’t been invented to descibe Ireland, but “bust banana republic” comes close.

[Blue_Horseshoe]

Ah no, Blue Horseshoe, Belgium is a complete shambolic basket case. The words haven’t been invented to descibe Ireland, but “bust banana republic” comes close.

I stand corrected.

Blue Horseshoe

[Dubhgeannain]

‘Grow a beard for Belgium’ appeal by actor Poelvoorde

One of Belgium’s best-known actors, Benoit Poelvoorde, has urged his fellow citizens not to shave again until the country finally forms a government.

bbc.co.uk/news/world-europe-12170244

https://www.emofaces.com/en/emoticons/s/stubbly-beard-emoticon.gif

[ps200306]

‘Grow a beard for Belgium’ appeal by actor Poelvoorde

One of Belgium’s best-known actors, Benoit Poelvoorde, has urged his fellow citizens not to shave again until the country finally forms a government.

bbc.co.uk/news/world-europe-12170244

[InForADime]

Time to get the money out of Keytrade?

Follow the money!
xe.com/currencycharts/?from= … HF&view=1Y

[HCMh]

Tens of thousands march in Brussels to demand a government:

bbc.co.uk/news/world-europe-12263423

“We want beer, chips and a government,” said one banner, referring to two of Belgium’s best known products.

Sounds like they’re desperate. It occurs to me we might just be able to help them out.

[BoyRacer]

Some streak: Belgium marks 250 days with no government -> guardian.co.uk/world/2011/fe … government

On a makeshift stage beside Ghent’s 12th-century Church of St Jacob, the boys from Baghdad, unaccustomed to being world champions at very much, meekly surrendered the trophy.
The Iraqis topped the global league table for a mere three months, seizing the silverware from the Dutch, who had enjoyed an unbroken three-decade reign at the top.
At midnight, 250 days after last June’s general election left Belgium rudderless, King Albert II’s realm took over the No 1 spot from Iraq, breaking the modern world record for the longest period without a government.
Across the fractured kingdom of the Belgians, it was a day of national embarrassment, celebrated by wits and pranksters countrywide

there is more

Imagine that, no government to saddle you with debts of others.

[In_the_region_of]

Nirvana

[Inis_Man]

Ah no, Blue Horseshoe, Belgium is a complete shambolic basket case. The words haven’t been invented to descibe Ireland, but “bust banana republic” comes close.

“shamrockbolic economy”?

“shamwreck republic”??

[puesyo]

Oh my, this is so nerve-wrecking. I am still in the process of opening an account with Keytrade (only european bank that allows you to open an account without being present in the country AFAIK). We can’t keep our money in Ireland, Spain is another train-wreck (I’ve got accounts in Spain) and nobody knows what the English pound is going to do in the future against the euro. I am this close to digging a hole in the back garden, too bad is not even my own house! And please nobody go asking for my address…

[conork]

Why would people be worried about Keytrade?

[yoganmahew]

Why would people be worried about Keytrade?

It is the Belgian offshoot of a French bank (with rumours that it is as a result of an affair with a Walloonian grenadier…).