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31-10-2007: THE EURO BROUGHT BELGIUM ON THE EDGE OF THE ABYSS Belgium currently faces a very serious existential crisis. Some even dare to speak of the possibility of a complete crackdown of the homeland of both, the European Union and NATO. The crisis arose out of the government coalition talks following the June 10th Belgian general election. According to the Belgian Constitution, the two largest linguistic groups, i.e. the Dutch-speaking Flemings (appr. 60% of the population) and the French-speaking Walloons (appr. 40% of the population), the third being the Germanophones (less than 1% of the population), are to be equally represented in the Belgian government. Since the Flemish centre-right cartel list of Christian democrats and Flemish nationalists (member of the European People’s Party) polled 18,51% and the Walloon Reformist Movement (member of the European Liberals, Democrats and Reformists), an electoral alliance of liberals, liberal conservatives and Belgian unity advocates, polled 12,52%, both becoming by far the largest factions in their linguistic groups, they were doomed to form a government coalition together.
Because both parties did not yet dispose of a parliamentary majority together, they brought the Flemish Liberal-Democratic Party (also ELDR, polled 11,83%) and the Walloon Humanist Democrats (also EPP, polled 6,06%) around the negotiation table in order to form a centre-right government coalition, consisting of liberals, Christian democrats, Flemish nationalists and Belgian unionists, with Yves Leterme, party leader of the Flemish Christian democrats and former head of the Flemish regional government, as new Belgian prime minister, replacing the Flemish liberal Guy Verhofstadt. In spite of these four parties not having polled over 50% of the Belgian vote, combined they only represent 48,92% of the Belgian electorate, this coalition in the making would have 81 out of 150 seats in the Belgian Chamber of Representatives, or a parliamentary majority of 54%. This is due to the unbalanced Belgian electoral system and the huge overrepresentation of the Walloon minority in the federal parliament.
But the formation talks were overshadowed by what the Walloon law professor and notorious Belgian unionist François Delpérée called “a perfume of crisis”. The Flemish parties not only demanded more power being transferred from the Belgian federation to the regional level, but also big fiscal and social reforms, while the Walloons wanted to maintain the current Belgian artificial construct, or even strengthen it further by reducing the autonomy of the regional entities, and to counter every Flemish proposition of in-depth economic reform. Both sides were also under very heavy pressure from their linguistic groups. On the one hand, the Flemish opposition is dominated by the far-right Vlaams Belang party (17 seats) and the liberal-fortuynist List Dedecker (5 seats), who are both advocates of very drastic fiscal conservative measures and full Flemish independence from Belgium, while on the other hand, the Walloon opposition consists of the far-left Socialist Party (20 seats) and the far-right National Front (1 seat), who both stand for Belgian national unity and a very strong welfare state system.
With all this taken in consideration, everybody knew right from the start that these talks were going to be difficult, but no one expected them to fail. Difficult government negotiations are not rare in Belgium. In fact, they happen all the time. So the Belgian people is getting used to this quadrennial circus. Last month nevertheless, the unexpected happened. Even the intervention of the Belgian King could not sort out the problem, and after two and a half months of wasting time with useless negotiations, Yves Leterme, the leader of the talks, resigned from his formation duty. The Walloon position on economic reform, as well as their veto on every part, no matter how small, of institutional and constitutional matter, forced Mr. Leterme to return his mandate to the King. The Walloon “non” made the formation of a decent workable government coalition impossible. (Please note that Mr. Leterme was reinstated as formation talks leader a month after the publication of this article.)
But what made this formation so different from all other previous attempts? Very often, the negotiations started in an atmosphere of mutual discontent, and very often both linguistic groups disagreed with each other on many crucial parts of the proposed reforms, but this bi-polar situation never led to a similar crisis as Belgium is facing today. In the Belgian media, a multitude of possible reasons have been summed up by a wide range of journalists, analysts, politicians and technocrats, going from a severely polarized nationalist debate, over the tiredness of the Flemish people to give in on the Walloon demands, to the alleged weakness and lack of competence of Yves Leterme himself. As usual, the truth will undoubtedly lie in the middle of these three possible reasons, but in spite of that, the idea of secession and full Flemish independence as seeming the only possible solution out of the crisis, is gaining strength in Flanders. The “secession bill” introduced by Vlaams Belang in the Flemish regional parliament is an important signal to Wallonia and the world of the awakening of extreme nationalism inside the Flemish society where such radicalism used to be rather rare.
But there was one more element no one dared to invoke, until recently, when Geert Noels, a notorious Belgian economist and journalist, and Louis Tobback, Belgian Minister of State and current socialist mayor of Leuven, both commented on the Belgian political crisis. According to them, the European Central Bank was to blame for this aberration in the Belgian government formation talks.
In a country, any country, with its own monetary system, despite how sound it may be, the value of the currency will decrease every time a crisis within the government occurs. The main element determining the value of a currency is the political, and monetary, stability of the country that issues the money. If Britain, for instance, would face a similar crisis, the situation of the British Pound on the international markets will undoubtedly deter, and since every fluctuation in monetary value has an enormous impact on the economy of the country itself (inflation, for-ex, international trade, price settings, etc), the repercussions of such a crisis may simply be too hard to bear for the political leaders withholding their radical position vis-à-vis each other. In the case of Britain, no party involved in the coalition talks would simply dare to risk a monetary collapse, and the impact on the economy, and will hence be more eager to find a political compromise.
But Belgium is no longer in charge of its own monetary policy. The Belgian politicians no longer have to fear the monetary impact of their decisions, since the European Central Bank is nowadays responsible for controlling the inflation rate and the value of the European Monetary Union’s single currency, the Euro, in which Belgium, as Europhile as we are, takes part. The analyses of Louis Tobback in the television show “TerZake” and Geert Noels in the business magazine “Trends” were very clear. According to them, if such a crisis as Belgium is facing today, would have occurred in the nineties, the Belgian monetary system would have simply collapsed. The Belgian franc would have suffered tremendous losses in value, especially in such a vibrant and ever-changing marketplace as the one whereon foreign currencies are traded.
Thanks to the Euro zone, the European Monetary Union (EMU) and the European Central Bank (ECB), the Belgian government can easily go in decay without having to bear the monetary consequences of such a crisis. This kind of political irresponsibility has been made possible by the European Union and its satellite institutions. So, thank you, Brussels, for bringing even more unaccountability to the Belgian federal regime. Thank you, Strasbourg, for allowing this senseless Belgian circus to continue its performance without interruption or ending. And of course, last but not least, thank you, Frankfort, for having dug Belgium's grave. Gepubliceerd door Vincent De Roeck op 31-10-2007
OVERZICHT GEPUBLICEERDE TEKSTEN
| DATUM |
AUTEUR |
TITEL |
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| 31-01-2010 | Nick Roskams | Creatieve destructie en economisch optimisme | Lees | | 16-05-2009 | Vincent De Roeck | We are all socialists now! | Lees | | 16-05-2009 | Jan Reyntjens | Pleidooi voor een versoepelde wapenwet | Lees | | 16-05-2009 | Jens Moens | De geheelonthouders hebben gelijk... | Lees | | 16-05-2009 | Vincent De Roeck | The Wealth of Nations | Lees | | 15-05-2009 | Simon Van Wambeke | Waarom centraal bankieren crisissen veroorzaakt | Lees | | 15-05-2009 | Vincent De Roeck | Een geschiedenis van de anti-rokersbeweging | Lees | | 15-05-2009 | Philippe Caeymaex | De buitenlandse vertegenwoordiging van deelstaten | Lees | | 15-05-2009 | Kevin Wielockx | De Fortis-aandeelhouders werden onteigend! | Lees | | 15-05-2009 | Vincent De Roeck | Interview met Annemie Neyts en Graham Watson | Lees | | 14-05-2009 | Gloria Alvarez | Bastiat's candlemakers and modern protectionism | Lees | | 14-05-2009 | Vincent De Roeck | The War Between the State and the Family | Lees | | 14-05-2009 | Johan Van Woensel | Activeer de werklozen via het OCMW! | Lees | | 14-05-2009 | Vincent De Roeck | Het liberalisme door een LVSV-bril | Lees | | 21-12-2008 | Vincent De Roeck | Sic transit gloria mundi | Lees | | 21-12-2008 | Johan Van Woensel | Over monarchie en prostitutie | Lees | | 21-12-2008 | Jürgen Vandewalle | Charles Taylor en het einde van de grote verhalen | Lees | | 20-12-2008 | Désirée Senden | Mag een staat onteigenen? | Lees | | 19-12-2008 | Joris Vanlessen | Interview met Pieter Cleppe van Open Europe | Lees | | 02-11-2008 | Vincent De Roeck | Monopolies bestrijden is een economische farce | Lees | | 02-11-2008 | Koen Deconinck | Liberalisme en anarchisme | Lees | | 01-11-2008 | Jens Moens | Milieuproblematiek | Lees | | 01-11-2008 | Norman Barry | Bastiat and the Law | Lees | | 31-10-2008 | Vincent De Roeck | België en de Europese Unie: better off out! | Lees | | 31-10-2008 | Denis Van den Weghe | The rise and fall of Viktor Bout | Lees | | 30-10-2008 | Vincent De Roeck | Het Rijnlandmodel is dood | Lees | | 30-10-2008 | Philippe Caeymaex | Naar een efficiënt België | Lees | | 30-10-2008 | Chris Demeyere | Hoog tijd om het apothekersmonopolie af te schaffen! | Lees | | 28-10-2008 | Christophe Charpentier | Big markets, small governments | Lees | | 24-10-2008 | Vincent De Roeck | The Guide to Reform | Lees | | 24-10-2008 | Jens Moens | Energy, the Master Resource | Lees | | 23-10-2008 | Herman De Croo | Pleidooi voor een nieuw kiessysteem | Lees | | 23-10-2008 | Patricia Ceysens | Vlaamse bedrijven winnen goud in China | Lees | | 15-10-2008 | Vincent De Roeck | Oh ye of little faith! | Lees | | 12-10-2008 | Matthias Storme | De vrijheid van meningsuiting | Lees | | 28-09-2008 | Johan Van Woensel | Hervorm de sociale huisvesting! | Lees | | 30-05-2008 | Vincent De Roeck | Het recht op vrij wapenbezit: from my cold dead hands! | Lees | | 29-05-2008 | Xavier Meulders | Wat heeft de overheid met ons geld gedaan? | Lees | | 29-05-2008 | Jeroen Benning | The centralisation of power in the European Union | Lees | | 29-05-2008 | Philippe Caeymaex | De nucleaire sfinx van Teheran | Lees | | 29-05-2008 | Vincent De Roeck | Rusland na Poetin: de witte raaf en de beer | Lees | | 28-05-2008 | Chris Demeyere | Tibet en de Dalai Lama | Lees | | 27-05-2008 | Xavier Meulders | De klauwen van de Duitse adelaar | Lees | | 27-05-2008 | Jasper Pillen | De val van de Berlijnse muur deed de communistische vijand verdwijnen | Lees | | 27-05-2008 | Chris Demeyere | Lasten omlaag = koopkracht omhoog | Lees | | 27-05-2008 | Xavier Meulders | De waanzin van het moderne dadaïsme | Lees | | 26-05-2008 | Chris Demeyere | Zimbabwe: exit Mugabe? | Lees | | 26-05-2008 | Jeroen Benning | Free speech and the release of Fitna | Lees | | 26-05-2008 | Chris Demeyere | 25,000 euro voor Ishtar | Lees | | 20-04-2008 | Vincent De Roeck | De toekomst is mooi, de toekomst is liberaal | Lees | | 17-04-2008 | Jens Moens | De geliberaliseerde energiemarkt | Lees | | 08-04-2008 | David Vercouteren | Anarchisme is anti-liberaal | Lees | | 07-04-2008 | Simon Van Wambeke | Anarchisme: de logica zelve? | Lees | | 15-03-2008 | Vincent De Roeck | Belgische VN-ambassadeurs, tijd om op te krassen! | Lees | | 14-03-2008 | Christophe Charpentier | Klant is koning | Lees | | 14-02-2008 | Vincent De Roeck | Pactio Olisipiensis Censenda Est | Lees | | 14-02-2008 | Xavier Meulders | Waarom Keynes een moslim was | Lees | | 14-02-2008 | Chris Demeyere | Caroline Gennez en de afschaffing van de zorgverzekering | Lees | | 13-02-2008 | LVSV Leuven | Rug aan Rug: war and the non-initiation of violence | Lees | | 13-02-2008 | Vincent De Roeck | De libertarische grondwet | Lees | | 12-02-2008 | Xavier Meulders | Naar een wereldheerschappij van de Civitas Diaboli | Lees | | 12-02-2008 | Vincent De Roeck | De high society | Lees | | 11-02-2008 | Chris Demeyere | Musharraf, een door het Westen getolereerd dictator | Lees | | 10-02-2008 | Nick Roskams | Recensie "1984" van George Orwell | Lees | | 10-02-2008 | Chris Demeyere | Johoho, copyright law and the digital age | Lees | | 24-12-2007 | Vincent De Roeck | Europese liberale jongeren komen samen in Stockholm | Lees | | 24-12-2007 | Arnaud Houdmont | Belgium's last chapter: to be or not to be? | Lees | | 23-12-2007 | Vincent De Roeck | LVSV te gast op de Golden Umbrella Awards | Lees | | 23-12-2007 | LVSV Leuven | Rug aan Rug: het hoofddoekendebat | Lees | | 23-12-2007 | Denis Van den Weghe | Het IFLRY-congres in Sarajevo | Lees | | 01-11-2007 | Vincent De Roeck | De Europese Unie kostte België 711 miljoen euro in 2006 | Lees | | 01-11-2007 | Jens Moens | Arm Vlaanderen | Lees | | 01-11-2007 | Vincent De Roeck | Het ware gelaat van de Belgische democratie | Lees | | 01-11-2007 | Bart Dobbels | De dood van de juwelier | Lees | | 31-10-2007 | Vincent De Roeck | The Euro brought Belgium on the edge of the abyss | Lees | | 31-10-2007 | Bart Dobbels | Plagiaat aan de universiteit | Lees | | 30-10-2007 | Vincent De Roeck | The European communist heritage triumphed once again | Lees | | 30-10-2007 | David Vercouteren | Het hoger onderwijs : mijn gedacht | Lees | | 30-10-2007 | Chris Demeyere | Zelfbeschikking voor Brussel | Lees | | 30-10-2007 | Simon Van Wambeke | Frank Van Dun | Lees | | 30-10-2007 | Vincent De Roeck | De duivelsverzen van Angela Merkel | Lees | | 29-10-2007 | Philippe Caeymaex | La Belgique sera federale ou elle ne sera pas | Lees | | 29-10-2007 | Simon Van Wambeke | Ron Paul | Lees | | 22-05-2007 | Vincent De Roeck | Mijn Europa bestaat nog niet | Lees | | 22-05-2007 | Simon Van Wambeke | Belasting is roof | Lees | | 21-05-2007 | Vincent De Roeck | Een standbeeld voor Mao | Lees | | 21-05-2007 | Jasper Pillen | Zelfs een meedogenloos dictator verdient een eerlijk proces. | Lees | | 21-05-2007 | Sebastiaan Pot | Over de zin van het privatiseren van de gevangenissen | Lees | | 20-05-2007 | Vincent De Roeck | Flahaut en het Waalse legioen | Lees | | 20-05-2007 | Yves Broecke | Waar naartoe met Europa ? | Lees | | 20-05-2007 | Chris Demeyere | De opwarming van de Aarde. Is de mens wel de oorzaak ? | Lees | | 19-05-2007 | Vincent De Roeck | Pinochet onder de zoden | Lees | | 18-05-2007 | Brandaan Mombaers | Liberalism, fascism and the right of the strongest | Lees | | 18-05-2007 | Xavier Meulders | Vlaamse onafhankelijkheid: een liberale strijd | Lees | | 18-05-2007 | Simon Van Wambeke | Een gevaarlijk politicus | Lees | | 18-05-2007 | Yves Broecke | Schaf de publiek gestuurde en gefinancierde sociale zekerheid af | Lees | | 18-05-2007 | Vincent De Roeck | Halfslachtig België: piraterij en privacy | Lees | | 07-11-2006 | Yves Broecke | Stop de publieke financiering van ontwikkelingshulp | Lees | | 07-11-2006 | Vincent De Roeck | De erfenis van 11 september | Lees | | 07-11-2006 | Sebastiaan Pot | De nakende hervorming van de assisenprocedure: een gemiste kans | Lees | | 07-11-2006 | Willem Coppenolle | Minder overheid, minder extreem-rechts | Lees | | 07-11-2006 | Chris Demeyere | Somalië, of de wanhopige illusie van anarcho-kapitalisten | Lees | | 07-11-2006 | Jasper Pillen | Liberalisme is niet gelijk aan Vlaams-nationalisme | Lees | | 07-11-2006 | Simon Van Wambeke | De verzorgingsstaat | Lees | | 07-11-2006 | Jasper Pillen | Uitdagingen voor het Belgische lidmaatschap van de UN Security Council | Lees | | 07-11-2006 | Lucas Decuypere | Economische bemoeizucht | Lees | | 07-11-2006 | Vincent De Roeck | De grootste roof uit de geschiedenis | Lees | | 21-12-2004 | Kristof Willekens | Rug aan rug: contra Monarchie | Lees | | 21-12-2004 | Willem Coppenolle | De hervorming van de gevangenisstraf | Lees | | 21-12-2004 | Chris Demeyere | Boekbespreking: De moord op Caesar | Lees | | 21-12-2004 | Willem Coppenolle | Toen de prinsen nog spraken | Lees | | 20-12-2004 | Pieter Cleppe | De vrije meningsuiting als basis van de menselijke beschaving | Lees | | 20-12-2004 | Jasper Pillen | Rug aan rug: pro Monarchie | Lees | | 20-12-2004 | Lucas Decuypere | Senatus Populusque Belgicus: de Senato Belgico | Lees | | 20-12-2004 | Chris Demeyere | Cultuursubsidies? Neen bedankt! | Lees | | 20-12-2004 | Sebastiaan Pot | Over het inkomensafhankelijk maken van de verkeersboetes | Lees | | 20-12-2004 | Charles de Thibault de Boesinghe | We leven niet in een parlementaire democratie | Lees | | 20-12-2004 | Evert Gruyaert | Gijzeling van het sociaal stabiel ondernemingsklimaat | Lees | | 20-12-2004 | Nicolas Raemdonck | De Europese Unie of het superioriteitscomplex van het Westen | Lees | | 20-12-2004 | Katleen Bury | Le Chant des Wallons | Lees | | 20-12-2004 | Brandaan Mombaers | Vitriool: Geen verrechtsing van de VLD, aub! | Lees | | 12-11-2004 | Chris Demeyere | Fair Trade: de weg naar een eerlijker wereld is kapitalisme in een vrije markt | Lees | | 12-11-2004 | Brandaan Mombaers | De Europese Grondwet vs. Politiek Secretariaat | Lees | | 12-11-2004 | Brandaan Mombaers | Vitriool: Over salonliberalen | Lees | | 11-11-2004 | Nicolas Raemdonck | Racisten gediscrimineerd | Lees | | 11-11-2004 | Charles de Thibault de Boesinghe | Kiezen tussen Europa en Vlaanderen? Bevoegheidsverdeling en democratie. | Lees | | 11-11-2004 | Bram Machtelinckx | Zin of onzin van een openbare omroep | Lees | | 11-11-2004 | Evert Gruyaert | "Ja, ik verdiende 22,3 miljoen euro op 3 jaar, EN DAN?!" | Lees | | 11-11-2004 | Kristof Willekens | Eerst de mensenrechten, dan de religie? De godsdiensten van de 21ste eeuw zullen humanistisch of liberaal moeten zijn | Lees | | 11-11-2004 | Pieter Cleppe | Amerikaanse presidenten: groei en crisis van de economie | Lees | | 01-03-2004 | Pieter Cleppe | De migratieproblematiek: een alternatieve oplossing | Lees | | 01-03-2004 | Chris Demeyere | Iedereen een beetje militant | Lees | | 01-03-2004 | Bram Machtelinckx | Kennis als hefboom tot welvaart en welzijn | Lees | | 01-12-2003 | Servaas Vannoote | De grenzen van Europa | Lees | | 01-12-2003 | Pieter Cleppe | Europese defensie met en zonder een leger | Lees | | 01-12-2003 | Chris Demeyere | Naar een Europees privaatrecht | Lees | | 01-12-2003 | Pieter Cleppe | Red onze welvaartstaat. Hervorm de welvaartstaat. | Lees | | 01-10-2003 | Nicolas Bollion | Vergrijzing | Lees | | 01-10-2003 | LVSV-Leuven | Dixit | Lees | | 01-10-2003 | Chris Demeyere | De hi?rarchische positie van de rede en het post-redelijke mensbeeld | Lees | | 01-10-2003 | Llewellyn H. Rockwell, Jr. | Confusion and Clarity in Cancun | Lees | | 01-03-2003 | Pieter Cleppe | Gemeentelijk stemrecht voor niet-EU-burgers: achter de slogans | Lees | | 01-03-2003 | Pieter Cleppe | Drugs | Lees | | 01-12-2002 | LVSV Leuven | Enkele stellingen | Lees | | 01-10-2002 | Pieter Cleppe | We?re gonna hunt ?em down, smoke them outta their holez and bring ?em to justice! | Lees | | 01-03-2002 | Pieter Cleppe | Het onderwijs en de consument | Lees | | 01-03-2002 | Pieter Cleppe | Wat is er mis met links en rechts?? | Lees | | 02-01-2002 | LVSV Leuven | Geschiedenis van LVSV Leuven | Lees | | 02-01-2002 | Pieter Cleppe | Sic semper tyrannis! | Lees | | 02-01-2002 | Hugo Lamon | LVSV Leuven in 1984-85 | Lees | | 02-01-2002 | Frank Beckx | Liberaal denken, ongebonden en vrij | Lees | | 02-01-2002 | Axel Delvoie | Hand in hand... | Lees | | 01-12-2001 | Pieter Cleppe | Richtingen binnen het liberalisme | Lees | | 01-10-2001 | Pieter Cleppe | Amerika: terugtrekken! | Lees | | 01-03-2001 | Axel Delvoie | Naar een liberale partij | Lees | | 01-03-2001 | LVSV-Leuven | Dixit | Lees | | 00-00-0000 | | | Lees | | 00-00-0000 | | | Lees |
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