Dexia's Midnight Runners

Dexia is to be nationalised.

Fine?

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.

Posted in: belgium,dexia,nationalisation