Dexia bailout spells trouble for Belgium and France, say analysts
The nationalisation of French and Belgian banking group Dexia on Monday has put the spotlight on France and Belgium for future credit downgrades from rating agencies.
On Monday, an agreement was reached between Dexia's board of directors and the Belgian government to buy the lender, with the exception of its asset management operations, for €4 billion ($5.5 billion), in a deal that will also see the state provide guarantees worth €90 billion.
France and Luxembourg will also underwrite the lender
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Financial Stability
