The first government to go under, due to the widening global financial crises is Belgium.

In an article on the ft.com website, a more European centric news organization, an article talking about the failure of the Belgium coalition government appread on Tuesday Dec 23.
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“Belgium’s King Albert II formally accepted the resignation of the coalition [...]

Update: 10-19-08
The Netherlands has announced a 10 billion euros ($13.4 billion) deal with ING, in which the ING will postpone the final dividend of 2008, and seling the government on-voting preferred securities that pay 8.5 percent annual interest and don’t dilute existing shareholders.
The injection will lift ING’s core Tier 1 capital to about 8 percent.

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Read [...]

As posted earlier on WhyBanksFail.com (Will Fortis Fail? Fortis in trouble, European agencies plan over the weekend (September 28, 2008), Fortis — no buyers, why not 3 governments instead? (September 28, 2008) and Could Fortis Bank fail? European Banks might be next! (September 26, 2008)), according to CNN Money, Fortis has failed.
Who knows what this means for the other banks that [...]

According to Bloomberg.com, the Federal government today is pumping another $630 billion into the world financial system. These additional funds don’t get a vote on the house floor. They are at the pure discretion of the Federal Reserve.
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The breakdown:
·          Currency swaps with foreign central banks up $330 billion to $620 billion
·          Term Auction [...]

Belgium, Luxembourg and maybe the Netherlands are possibly about to offer Fortis a chance to survive, through a multi government takeover.
In a small preview article at The Wall Street Journal, Fortis Is on Verge of Government Rescue, you can read a little bit more.

It seems that Fortis is in such trouble, that European, Dutch and Belgian officials have been discussing the bank’s problems over the weekend.
An article on Bloomberg.com, Belgian, Dutch Officials Seek ’solution’ for Fortis, updates us on the status of the bank’s imminent changes.
Please discuss the topic in our new poll, Will Fortis Fail?  Or will [...]

Fortis, the Belgian-Dutch financial group, which only last year, was part of the consortium that took over Dutch bank ABN AMRO is looking like it might be in trouble.
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The Banking crisis is no longer only affecting the United States, now its impacting the global markets.
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Fortis, Belgium’s largest bank on Friday denied that it [...]