According to Yves Leterme, Prime Minister Acting laBelgique, the decision was not "totally unexpected". The announcement of the rating agency Standard & Poor's downgraded the sovereign rating Friday night in Belgium – the passing of AA + to AA – is nevertheless "naturally bad news."

In the viewfinder of the rating agency, the high debt. It is expected to reach 97% of GDP at the end of the year, but could exceed 100% if the country had to rescue the financial sector believes the agency. While the kingdom has already carried the weight of the rescue of Dexia – 4 billion and 60.5% of the guarantee is 54 billion euros according to the agreement – it may have to provide support to other institutions fragile Arco as cooperative group that could cost the state an additional EUR 1 cheap credit report.5 billion.Another group financial Cera is also in jeopardy following the fall of the first Belgian bank KBC. One billion euros may have to be provided as collateral. Belgium must find € 11.3 billion to iron deficit below 3% of GDP as required by the European Union.

Aware of the difficulties, the government announced Thursday – successfully – the launch of a large loan from individuals focusing more on saving capacity of households on the faculties of borrowing countries. Markets, Belgium has seen the rates at which it finances its debt soar in recent days, to 5.7% (about 3.7% for France).

530 days without a captain

But it is the governmental instability of the country that is the source of this degradation.

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