As a result of the political stalemate, following the June 2010 elections, the country has remained without a government for more than a year. However, politicians have returned to the negotiating table after talks stalled in July, when French-speaking socialist Elio Di Rupo relinquished his duties as mediator. Eight political parties - without the Flemish nationalists NV-A - considered that an agreement to form a new coalition and end the current political impasse was reachable. Nevertheless, politicians agreed that political reforms are necessary before forming a new government. The eight parties insisted that Belgium's federal system of government (the country's federal system is divided into three regions, Francophone Wallonia, Dutch-speaking Flanders and bilingual Brussels) must be reorganized before any socio-economic reforms can be undertaken; a decision that was not welcomed by the markets. Consequently, and on top of the contagion effect from rising concerns about Italian and Spanish debt woes, yields of 10-year Belgian bonds peaked at 4.48% during the trading session on 5 August, the highest level since January of 2009. Politicians will present a revised plan to reform the country's institutions in an effort to accelerate negotiations. However if the stalemate is not resolved in a reasonable time, the caretaker government, led by Prime Minister Yves Leterme will draft Belgium's 2012 budget before the end of the year.
Politicians return to negotiations
August 30, 2011
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Belgium Economic News
October 21, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 2.2 points in September to minus 1.8 points in October.
September 23, 2016
In July, industrial production increased a seasonally-adjusted 1.9% over the previous month, which was above the 1.2% registered in June and represented a 6-months high.
Belgium: Business confidence recovers timidly but consumer confidence deteriorates further in September
September 23, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 3.1 points in August to minus 2.2 points in September.
August 31, 2016
In the second quarter of 2016, GDP increased a seasonally-adjusted 0.5% over the previous quarter, according to comprehensive data released by the National Bank of Belgium (NBB) on 31 August.
August 25, 2016
In June, industrial production increased a seasonally-adjusted 2.0% over the previous month, which contrasted the 0.4% contraction in May.