Belgium took the record for Europe’s longest political crisis yesterday as it hit 209 days without a government, amid mounting concern among business chiefs over the effects on its economy.

As the divided nation state surpassed previous record-holder the Netherlands, where politicians haggled 208 days before striking a deal in 1977, Belgium’s top business leaders raised alarm bells about the crisis in newspaper Le Soir.

Billionaire investor Albert Frere, a leading shareholder in energy groups Total and GDF Suez, said he was “appalled by this chaotic situation which could have long-lasting effects on the Belgian economy.”

Belgian politicians have been deadlocked over the formation of a new government for nearly seven months and the political crisis deepened last Thursday when a mediator appointed by the king threw in the towel in exasperation.

Johan Vande Lanotte tendered his resignation to King Albert II a day after the country’s powerful Flemish separatists refused to discuss a plan to give the country’s Dutch- and French-speaking regions more power.

The plan was offered to seven political parties as a basis for setting up a coalition government after June 13 elections failed to produce an outright winner.

Should Belgium fail to get a new government by March 30 it would beat Iraq’s world record of 289 days in 2009.

King Albert II tomorrow will announce whether he will accept Vande Lanotte’s resignation or not. He could decide to name a new go-between or widen the list of parties involved in negotiations.

While a caretaker cabinet is keeping the nation state running, fears are mounting of looming economic strife.