Whether or not it is good for Europe, it is very bad for Belgium

So the news is spreading that the Belgian PM, Herman Van Rompuy, would be the first president of the EU. I am not going to comment on what that means for the EU now. It’s after nine in the evening here, and I’m preparing my teaching for tomorrow morning (and for reasons I need not disclose in this post, I need my time to prepare).
But despite time shortage, one thing I am happy to throw in cyberspace is a prediction that this will not be good for Belgium. Not a very hard-to-make prediction indeed. In the last years I’ve blogged here, once in a while, on the political instability of Belgian politics, indeed perhaps even the instability of the very future of Belgium; and Van Rompuy seemed to have been the only one able to bring calm back, and at least lead a more-or-less functioning government. His professional skills and talents in making compromises in extremely difficult situations will certainly be very useful in Babylonian Europe; but who will rescue Belgium? How long will it take for the Belgian government to have a new PM, and is there anyone to be found with the same authority that Van Rompuy has been able to command? Tonight Belgium will celebrate that this little country has been able to achieve something powerful, but tomorrow it will wake up with headackes

Belgium's unsackable central bankers

THANKS TO Alain Destexhe, a Belgian senator (and that rarest/loneliest of beings, a Belgian free market liberal), for today's fact of the day. Mr Destexhe reports on his blog that the Belgian central bank still employs more than 2,000 people, even though it has not had a currency to oversee since 1999, when Belgium joined the euro.
The senator, a medical doctor who used to be a big wheel with Médecins Sans Frontières, notes that the survival instinct of Belgian civil servants is especially impressive when you compare the National Bank of Belgium's headcount with that of central banks which still have currencies to attend to. Belgium employs twice as many central bankers as Britain, he reports, and four times as many as Sweden. Belgian readers may complain at this point that their central bank still has various tasks to perform, including the collection of statistics and whatnot, printing banknotes and its role as a member of the Eurosystem.
The bank's website clearly recognises it may have an image problem, stressing at some length its tasks, which include: "operation of the Central Balance Sheet Office and the central credit offices, the State Cashier service and the management of the interbank payment systems."
In short, the bank's website concludes: "The National Bank has lost none of its usefulness since the Eurosystem was established." None of it?
more:http://www.economist.com/blogs/certainideasofeurope/2008/03/belgiums_unsackable_central_ba