Brussels, 01/06/2012 (Agence Europe) - On 31 May, the European Commission refused to endorse the bank wind-up plan for Dexia, submitted by Belgium, France and Luxembourg on 21-22 March, because the plan made no distinction between restructuring and orderly liquidation.
The Commission says the resolution plan is based on the assumption that the three member states involved will provide additional guarantees for refinancing measures until the end of 2021 and remuneration for the guarantees...