It is striking to note that the political unrest and instability in 1981 coincided with continual and serious unrest on the national money market. On the political party level, one notes that the Christian Democratic Parties and the Socialist Parties had more and more difficulties in getting along with each other. This probably is related to the policyof the new chairman of the French-speaking Socialist Party, who has resolutely chosen to back Wallonia. The Flemish Christian Democratic Party, has still difficulties in seeing itself as the largest party in Flanders and to act appropriately. In addition, the French-speaking Socialist Party feels confident in the conviction that influential circles, including the Court, prefer not to see the Socialists in the opposition. This has motivated some to cling as long as possible to the formation of a three -party cabinet. The actual political situation, however, has clearly demonstrated that such a three-party cabinet cannot fu nction for a long time. The question remains why the Christian Democratic Party has not pursued elections with the same energy as it did in September af ter the resignationof the Martens IV government. In the meantime, it has become evident that the state reform of August 1980 is certainly not «completed», that is should best be redone, andthat the consequences of this reorganization can be gauged only with difficulty.