It took market turmoil and an S&P downgrade to do it, but Belgium's bickering factions...

|By:, SA News Editor

It took market turmoil and an S&P downgrade to do it, but Belgium's bickering factions yesterday finally agreed to a budget, including cutting the deficit to 2.8% of GDP in 2012. The King has now asked the Socialists to form a government, which Belgium hasn't had for over 530 days; tomorrow, it will try to sell €2B ($2.7B) of bonds.