Thursday, October 06, 2011

Dexia's Midnight Runners

Dexia is to be nationalised.


Not really.

Belgium does not have the money to cover Dexia's exposure.

Belgium - Dexia: 180% of GDP.

One thing is for sure, they had better hurry up; as Euro1BN has already been lost as a result of a run on the bank.

Next up, as per my article earlier this morning, three French banks.

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