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Dexia bank bail-out balloons Belgian budget deficit

20.03.13 @ 09:14

  1. By EUOBSERVER

Belgium and France must include last year's €5.5bn bailout of banking group Dexia in their budget deficit calculations, the European Union's statistics agency Eurostat said on Tuesday. The decision will push Belgium's budget shortfall beyond a European Union ceiling of 3 percent of gross domestic product (GDP).

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