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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
BELGIUM
The centre-left Flemish Vooruit (Onward) party has for the first time since the 9 June election raised the prospect of being part of the federal gov't, a development that could pave the way to the formation of a majority coalition. Vooruit leader Melissa Depraetere said on 20 June that her party could be open to joining a federal coalition "provided the content is right". Depraetere said the party “would not budge on our core issues”, but that it was willing to work towards an agreement.
- The four parties currently looking to reach an agreement are the Dutch-speaking Flemish nationalist New Flemish Alliance (N-VA) and centre-right Christian Democratic and Flemish (CD&V) parties and the French-speaking liberal conservative Reformist Movement (MR) and centrist Les Engages (LE). Together, these parties hold 69 seats in the 150-member Chamber of Representatives, short of the 76 majority threshold. However, with the additional 13 Vooruit members it would be able to cross this mark.
- Belgian political parties are well-used to gov't formation processes with erstwhile political adversaries. Even with this, the possible coalition option could prove difficult. Vooruit is the only party of the centre-left that would be included, risking a right-ward shift in policy-making that could result in a backlash from supporters. Vooruit's addition would also see a stronger bent towards Dutch-speaking parties with 48 MPs in gov't compared to 34 for French speakers, a potential sticking point for MR and LE.
Chart 1. Belgian Federal Chamber of Deputies, Seats
Source: IBZ, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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