Brussels, 26/09/2012 (Agence Europe) - On Wednesday 26 September, the European Commission announced that it has given the go-ahead for a second extension, this time until 31 January 2013, of the temporary €55 billion guarantee from France, Belgium and Luxembourg to the bank Dexia SA and its French subsidiary Dexia Crédit Local (DCL) to cover financing needs until a planned break-up of the bank is arranged.
An initial temporary guarantee of €45 billion was cleared in December 2011,...