{"id":4467,"date":"2020-03-20T13:26:40","date_gmt":"2020-03-20T13:26:40","guid":{"rendered":"https:\/\/www.sportsnewsforyou.com\/?p=4467"},"modified":"2020-03-20T13:26:40","modified_gmt":"2020-03-20T13:26:40","slug":"belgium-agrees-dexia-rescue-deal","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=4467","title":{"rendered":"Belgium agrees Dexia rescue deal"},"content":{"rendered":"<header>\n<h1>Belgium agrees Dexia rescue deal<\/h1>\n<p class=\"subhead\">Bank\u2019s problems stem from exposure to Greek debt.\n<\/p>\n<\/header>\n<footer class=\"meta\">\n<p class=\"byline\">European Voice<\/p>\n<\/footer>\n<footer class=\"meta\">\n<p>\n\t\t\tBy\t\t\t<span class=\"byline\"><br \/>\n\t\t\t\t<span class=\"vcard\">Ian Wishart<\/span>\t\t\t<\/span>\n\t\t<\/p>\n<p class=\"timestamp\"><time datetime=\"2011-10-12T21:49:00+00:00\">10\/12\/11, 9:49 PM CET<\/time><\/p>\n<p class=\"updated\">Updated <time datetime=\"2014-04-12T22:01:49+00:00\">4\/12\/14, 10:01 PM CET<\/time><\/p>\n<\/footer>\n<p>Belgium is to nationalise part of the troubled Franco-Belgian Dexia bank, which is seen as the first victim of the eurozone\u2019s sovereign-debt crisis. The bank\u2019s problems stem from its \u20ac3.4 billion exposure to Greek debt.&nbsp; <\/p>\n<p>Click Here: <a href='https:\/\/www.storerwc.com\/new-zealand.html' title='New Zealand rugby store'>New Zealand rugby store<\/a><\/p>\n<p>The deal was announced in the early hours of Monday morning (10 October) after extensive talks between bank officials and the governments of France, Belgium and Luxembourg. Dexia was one of the 90 banks stress-tested earlier this year, and the results of the tests did not give cause for concern at that time. <\/p>\n<p>Yves Leterme, Belgium\u2019s caretaker prime minister, said the Belgian state would buy Dexia\u2019s Belgian operations for \u20ac4 billion. He said that the purchase would ensure stability on financial markets and reassure account holders that they would not lose their money. <\/p>\n<p>In addition, talks are to begin on splitting off Dexia\u2019s French municipal loans business and joining it with Banque Postale, France\u2019s post office bank, and the Caisse des D\u00e9p\u00f4ts et Consignations, France\u2019s sovereign-wealth fund. <\/p>\n<p>The three countries said they would also provide \u20ac90bn worth of guarantees for the bank over a period of ten years. Belgium will provide 60.5% of this, France 36.5% and Luxembourg 3%. A \u2018bad bank\u2019 will be created into which some of its assets will be transferred. <\/p>\n<\/p>\n<footer class=\"content-credits\">\n<h6>Authors:<\/h6>\n<dl class=\"vcard\">\n<dt class=\"credits-author\"><span class=\"vcard\">Ian Wishart<\/span>&nbsp;<\/dt>\n<\/dl>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Belgium agrees Dexia rescue deal Bank\u2019s problems stem from exposure to Greek debt. European Voice By Ian Wishart 10\/12\/11, 9:49 PM CET Updated 4\/12\/14, 10:01 PM CET Belgium is to nationalise part of the troubled Franco-Belgian Dexia bank, which is seen as the first victim of the eurozone\u2019s sovereign-debt crisis. The bank\u2019s problems stem from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4467","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4467"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4467\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}