However, political instability is a serious worry. “Premier Yves Leterme of Christian Democratic and Flemish Party (CD&V) resigned in April 2010 after Flemish party Open VLD had withdrawn from the government coalition. In the June elections, the New Flemish Alliance (N-VA) won most seats, but no party won a clear majority, so a caretaker government is in charge.
“Coalition-building is expected to last until autumn. Until then, new directions for the economy and the housing market remain in limbo.” [Can Belgium ETF Stand Up As Government Collapses?]
For more stories on Belgium, visit our Belgium category.
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Sumin Kim contributed to this article.