Arab Today, arab today eu provisionally oks dexia bank belgium nationalisation
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

EU provisionally OKs Dexia Bank Belgium nationalisation

Arab Today, arab today

Arab Today, arab today EU provisionally OKs Dexia Bank Belgium nationalisation

Brussels - AFP

European competition authorities on Monday gave temporary approval to Belgium\'s nationalisation of Dexia\'s Belgian unit under a rescue plan of the Franco-Belgian banking group. The European Commission gave the Belgian government six months to provide a new restructuring plan for Dexia Bank Belgium, saying it was too soon to determine if the 4.0-billion-euro acquisition complies with EU state aid rules. \"The Commission acknowledges that the measure is necessary to preserve financial stability,\" the European Union\'s executive arm said in a statement. But the commission said it launched an in-depth investigation to \"assess whether the acquisition price contains state aid, and if so, whether the aid complies with EU rules for restructuring aid.\" The commission will want to see whether the restructuring plan will \"ensure the return to long-term viability of the entities continuing business activity, whether there would be adequate burden sharing by all involved of the restructuring costs and whether there would be sufficient measures taken to compensate for the distortions of competition.\" France, Belgium and Luxembourg decided last week to dismantle Dexia, the first bank to succumb to Europe\'s debt crisis. The three governments agreed to guarantee the bank to the amount of 90 billion euros, with 60.5 percent for Belgium, 36.5 percent for France and 3.0 percent for Luxembourg. While Belgium is nationalising its unit, France has decided to create a new bank to finance local authorities. The Luxembourg unit is being sold to Qatari investors. It was the second time in three years that the governments rescued Dexia.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu provisionally oks dexia bank belgium nationalisation Arab Today, arab today eu provisionally oks dexia bank belgium nationalisation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu provisionally oks dexia bank belgium nationalisation Arab Today, arab today eu provisionally oks dexia bank belgium nationalisation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday