King Albert II urged Belgium's political leaders Friday to take a time out as the latest attempt to form a government collapsed. "Given the gravity of the political situation, the king wishes that each political leader of the country takes some days of reflection to weigh the consequences of the political situation and seek solutions," the palace said in a statement reported by Expatica. French-speaking Socialist leader Elio di Rupo gave up on trying to form a coalition with the Flemish north -- more than a year after elections -- but the king did not say whether he accepted his resignation. The Flemish separatist N-VA party rejected a paper di Rupo offered Monday, despite its concessions on fiscal autonomy and devolution of powers to the regions, the EUObserver reported. "Unfortunately after a thorough reading ... the N-VA has decided that the note was not a good basis to start negotiations," leader Bart de Wever said. He denounced a "tsunami of new taxes" proposed by di Rupo and the lack of restraints on unemployment benefits. French-speaking Wallonia is more reliant on government aid, much resented by wealthier Flanders.The future of French-speaking suburbs of Brussels within Flanders' borders is another sticking point.