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France, Belgium, Luxembourg agree Dexia rescue deal

France, Belgium, Luxembourg agree Dexia rescue deal
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First Published: Sun, Oct 09 2011. 06 16 PM IST
Updated: Sun, Oct 09 2011. 06 16 PM IST
Brussels: The governments of France, Belgium and Luxembourg reached agreement on Sunday on a rescue package for Dexia, which will be put to the stricken Franco-Belgian bank’s board later in the day for approval.
“The governments have reaffirmed their solidarity in finding a solution to secure the future of Dexia,” said a statement from the office of Belgium’s caretaker Prime Minister Yves Leterme.
“The suggested solution, which is also the result of intense consultations with all partners involved, will be submitted to Dexia’s board of directors for approval.”
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First Published: Sun, Oct 09 2011. 06 16 PM IST