Another Belgian bank gets bailed out

#1
So now European banks really start to play catch up on the US banks

Dexia secures survival with €6.4bn rescue


"Dexia today became the second Belgian bank to be bailed out by authorities after Belgium, France and Luxembourg pledged to inject €6.4 billion (£5.1 billion) to keep the local government lender afloat.

A day after the partial nationalisation of Fortis, the Dutch-Belgian bank, Brussels announced a similar plan for Dexia. The move came as panic spread across Europe to Germany and France, prompting President Sarkozy to summon French bankers to an emergency meeting today. "




http://business.timesonline.co.uk/t...ectors/banking_and_finance/article4851187.ece
 
#2
Pity the joe miggins European taxpayers.

Taxes going north across the Continent in the near future?.

Highly paid bankers breathing easier in their bolt holes on the Cote d'Azur and in Tuscany?.
 

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