Belgium PM Proposes His Government Resign Following Failures Involving Fortis Bank

Following the failure to finalize a sale of the government’s stake in the troubled Fortis bank to the French bank BNP Belgium’s Prime Minister Yves Leterme has proposed his government resign, a move supported by the cabinet.

While the government had pursued selling their stake in Fortis that sale was blocked by Belgium’s highest court who ruled shareholders in the troubled bank should have a say in the institution’s future.

On Friday the Supreme Court expressed their belief that the government had attempted to influence the earlier ruling which halted the sale of the government’s stake in Fortis.

Following the controversy and the new accusations Leterme suggested his government resign and it will now be up to King Albert II to accept the resignation, something that is certainly no guarantee.

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