Friday, December 19, 2008

Les pommes frites

Yahoo! reports: Belgian government collapses over Fortis affair.

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.

Leterme has been under pressure to quit over accusations that his office had sought to influence an appeal court ruling that last week froze the break-up of financial group Fortis.

Leterme has denied influencing the appeal court, although he acknowledged that one of his officials contacted the husband of one of the judges several times.

Fortis was carved up by the Dutch, Belgian and Luxembourg governments with France's BNP Paribas buying the Belgian operations after an 11.2 billion euro ($16.1 billion) cash injection failed to calm investor concerns over its health.

The row reignited speculation the 178-year-old country could break up.

1 comment:

Macavity said...

Again!!??!