Belgium, home of European Union, has no functioning government

Journalist Andy Carling in Belgium, on the dire situation there, where for 18 months now a caretaker government has been handling only routine business.

Now, Belgium, a nation that appears intent on geographical suicide is about to go under. A combination of EU dithering, narrow minded politicians and financial pressure has left the home of the EU without a government and none in sight. This means that there’s nobody to take any responsibility for the €11.2 billion of cuts needed for next year alone. This means that the markets are walking away and a Greece/Italy style collapse is imminent.