Dexia to increase Belgian deficit 2 billion every year

The rump Dexia now owned by the Belgian government is a structurally loss-making enterprise that will cost the Belgian government 2 billion in deficits every year from 2014. This is what Flemish language Belgian daily De Standaard is reporting based on inside sources. Clearly this will make the Belgian deficit figures harder to reach.

The insider, investment banker Bernhard Ardaen, worked for Dexia for twenty years and sat on its credit committee where each week they decided on the purchase o...


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