It has been a year today since Yves Leterme, Belgium’s caretaker prime minister abandoned his attempt to form a government but the country does not appear any closer to an end nor does it appear necessary.
“Local government carries on; the refuse is collected and public transport works. The financial markets, far from taking fright at this rudderless ship, continue to lend to Belgium at more favourable rates than most of the rest of the EU. Taxes have not gone up because no agreement can be made on debt restructuring. As a result, business and consumer confidence is high.”
The “rudderless ship” and local control is far more preferable as the Leviathan on the Potomac swamp will hopefully soon find out.