Dexia (the bank that passed "Stress Test II" a few months ago), as expected, was nationalised over the weekend.
After the nationalisation was announced, the French Finance
Minister, Francois Baroin, stated that he didn't think any more banks would need to be
rescued by governments.
"Ironically", following on from his statement, Greece's central bank has activated a bank rescue
fund to save Proton Bank (ie they have nationalised it)!
Proton is under investigation for possible violation of anti
money laundering laws.