With an ambitious programme for its EU Presidency of 6 months, Belgium has taken over the rotating presidency from Spain. The topmost in Belgium’s agenda will be to thoroughly implement the Lisbon Treaty, which came into force last December and claims to simplify the complex decision making procedures of the EU.

Belgium has earlier drawn a 18 months plan for it’s tenure as well as the tenure of it’s predecessor, Spain and it’s successor, Hungary. The main challenge Belgium would be facing is to tackle financial regulation and to increase economic coordination amongst EU member states.

During the earlier Spanish presidency, Europe faces problems like Public debts and the fall in the value of Euro. Belgium being one of the founder members of the EU has already held the the presidency 12 times.

This heavy responsibility comes at a time when, Belgium is in a state of political uncertainty, wherein a government is yet to be formed after the recent elections. But the Belgium’s acting Prime Minister Yves Leterme of the caretaker government has assured that  Belgium is capable of take the task on hand, to lead the EU.