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Europe Daily Bulletin No. 10722

1 November 2012
ECONOMY - FINANCE - BUSINESS / (ae) competition
Dexia recapitalisation plan under examination

Brussels, 31/10/2012 (Agence Europe) - France and Belgium are currently negotiating a financial rescue plan for Franco-Belgian bank Dexia, which will be presented to its board this week. In order to avoid winding up the bank in the short-term, it would need a financial bailout of between €5 and €7 billion, which the two countries are due to provide (they already provide a €90 billion guarantee for the bank, see EUROPE 10697) but are still haggling over who pays what. France wants...

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