Belgian government collapses for a new reason
For much of late 2007, Belgium looked like it was on the verge of being split in two as Flemish and Wallonian politicians struggled to form a government that would preserve national unity. At one point, erstwhile Prime Minister Yves Leterme even said that there was nothing holding the country together but "the king, the ...
For much of late 2007, Belgium looked like it was on the verge of being split in two as Flemish and Wallonian politicians struggled to form a government that would preserve national unity. At one point, erstwhile Prime Minister Yves Leterme even said that there was nothing holding the country together but "the king, the football team, some beers."
For much of late 2007, Belgium looked like it was on the verge of being split in two as Flemish and Wallonian politicians struggled to form a government that would preserve national unity. At one point, erstwhile Prime Minister Yves Leterme even said that there was nothing holding the country together but "the king, the football team, some beers."
Now, Leterme has been forced to step down, along with his entire government, not because of nationalist sentiment, but because of an old-fashioned banking scandal. Leterme and his ministers are accused of applying undue pressure to push through a bargain-basement sale of Belgium’s partially-nationalized bank Fortis to the French bank BNP Paribas, at the expense of Belgian workers and shareholders. King Albert is now struggling to find a prime minister who is both untainted by "Fortisgate" and capable of keeping the fragile Flemish-Walloon coalition intact. No easy task.
The financial crisis and government responses seem to be having interesting effects on nationalist sentiment in Europe. In Scotland, nationalist parties saw their cause set way back by the UK government’s massive bailouts of Scottish banks, which made the idea of Scottish self-sufficiency look patently ridiculous. In Belgium, it seems like Flemish nationalists could be emboldened by the central government’s failure and will likely continue to make the case that the poorer French-speaking Wallonia is a drag on the national economy. This could make keeping the place intact all the more challenging.
Joshua Keating was an associate editor at Foreign Policy. Twitter: @joshuakeating
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