This was acceptable neither to France, Italy or Belgium (which wanted more) nor to Britain (which wanted still less).
By the way, the CDS market shows that lending money to Illinois and California is also riskier than lending to either Italy or Belgium.
FORBES: The Next Debt Domino To Fall: Portugal, Italy Or The U.S.?
It has the second-lowest level of both debt and interest payments as shares of GDP, but the CDS market shows that Spanish government debt is a greater risk than bonds from either Italy or Belgium.
FORBES: The Next Debt Domino To Fall: Portugal, Italy Or The U.S.?
It was almost impossible to go to the Netherlands or to Belgium.
So, it hardly benefits the Portuguese government, or the governments of Greece, Belgium or Italy to chain themselves to a fiscal policy of higher taxes when what they need is more economic growth.
Even if the eurobond moment has not yet arrived there are others suggesting that the main bailout fund, the European Financial Stability Facility (EFSF) should be increased in size so that it could support Italy, Spain, or even Belgium.
And as nobody in Britain, France, Germany, or even Belgium, pays the least attention to whomsoever runs Luxembourg (whereas even modest-sized American cities have suburbs with accountable elected mayors), perhaps better comparisons might be Henderson, Nevada, Hialeah, Florida, or Laredo, Texas.
As a consequence, French babies are born en masse from single and not-so-single mothers in nearby Belgium or Spain, where specialized services are legally available for a price.
It's as if the Ashes were to be played for in Belgium, or, for that matter, Sharjah.
Novak Djokovic's Serbia will play either the U.S. or Brazil after beating Belgium 3-2, having lost Sunday's two dead rubbers as the world No. 1 and Viktor Troicki were rested.
Just try offering a 40% discount on a suit in Belgium, or giving away a free dictionary with an Encyclopedia in France or Austria, and Europe's trading limitations soon become apparent.
At least 12 European countries are smaller than Latvia, Lithuania or Estonia, including Denmark, Belgium, the Netherlands and Switzerland.
Only one and a half hours from London by Eurostar, this friendly city is a popular weekend break for Brits, and it is a great location for onward travel to the Somme battlefields, the gothic spires of Amiens or the chocolate-filled streets of Belgium.
They do not necessarily choose safe havens such as Switzerland, but rather destinations like Luxembourg, Belgium, the United Kingdom, or even Brazil and Mauritius.
FORBES: Can The Last Taxpayer Leaving France Please Turn Out The Lights?
It remained unclear on Friday whether Belgium would attempt to stage the auction or allocate the licences for fixed fees.
In a separate annoucement Fitch said it is considering downgrading Italy, Spain, Ireland, Belgium, Slovenia and Cyprus by one or two notches.
FORBES: France's AAA Safe For Now But Outlook Negative, Fitch Says
Belgium, Italy and Greece have debt close to or in excess of 100% of their GDP.
Tiscali said in a statement it would have second or third positions in Italy, France, the Netherlands, Belgium Switzerland, the Czech Republic and South Africa following the acquisition, which is due to be completed in the first quarter of this year.
The vital question is whether - as and when the cost of bank bailouts is disclosed in the form of the promised proposal to inject capital into all European banks that need strengthening - loans to eurozone countries like Belgium and France will be seen to be more or less at risk.
That on the one hand you've got a sort of Atlantic Europe, with five countries including Britain, plus all the new countries from the Eastern Europe, and you've got a sort of Brussels Europe, or European Europe, which is sort of France, Germany and Belgium and so on.
It is the use - or misuse - of the gas pipeline that flows between the UK and Belgium that raises most suspicions of market abuse.
Meanwhile in the Johnnie Walker Championship at Gleneagles, Belgium's Nicolas Colsaerts, who needs to finish first or second to clinch his automatic place in the European team, made a good start with a three-under-par 69 which left him tied for eighth.
The Italians did not get all they wanted: Belgium, Britain and Switzerland refused to abandon the right of asylum or to extradite suspected anarchists.
In most of continental Europe the combined costs of buying and selling a house amount to 10% or more of the purchase price (see chart 7), and in Belgium to as much as 18%.
ECONOMIST: The housing market has not heard of globalisation
The best reason to visit Belgium House is not for an order of their mouth-watering fries or a stack of their waffles, but for its location in historic Middle Temple.
If the markets turn on Belgium, will the Flemish bourgeoisie see Mr De Wever as a man of principle or a chancer?
Collective switching, pioneered in Belgium and the Netherlands, allows groups of customers, often organised by local councils or community groups to choose the best rate by changing tariff at the same time.
BBC: More than 6,000 join Surrey energy switching collective
Wales's language disputes are certainly nothing to those of Belgium, where personal relations between the Flemish and Walloon communities can be rancorous, or of Quebec, where English-speakers have left in droves. (In fact, the English continue to come to Wales in substantial numbers, something many language activists deplore.) Even those who do not speak the language say they are proud of it.
But in any case, glass or no, Snow Day is an excellent new winter brew and a welcome addition to the New Belgium lineup.
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