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France and Belgium inject more billions to save Dexia bank

08.11.12 @ 09:01

  1. By EUOBSERVER

Belgium's finance ministry confirmed Thursday a deal with France to pump an additional €5.5bn into saving Dexia bank, of which Belgian tax-payers are to pay 53%. Last year the bank received €6.4bn in public funds to stay afloat. The capital injection require approval from Dexia shareholders and the European Commission.