Friday, December 19, 2008

Belgian Government Collapses Over Fortis Affair

From Yahoo News/Reuters:

BRUSSELS (Reuters) – Belgium's government collapsed on Friday after a top court found signs that it had sought to sway a legal ruling on the future of stricken bank Fortis.

"(Belgian Prime Minister Yves) Leterme put the (resignation) proposal to the cabinet and they have agreed to it," Leterme's spokesman Peter Poulussen said by telephone.

Under the constitution, King Albert must decide whether to accept the resignation. In July, Leterme had tendered his resignation after failing to break a political deadlock among the country's linguistic groups, but the king refused it.

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