Dexia to be dismantled over weekend

Article reported that Belgium would seek to carve out and nationalise the Belgian arm of Dexia from the rest of the ailing bank during the weekend of 8-9 October 2011, The Board of Dexia would meet on the 9 October 2011 to formalise a dismantling of the multinational lender, people close to the talks said.

European Commission: Memo/11/679: Statement by Vice President Almunia on Dexia http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/679&format=HTML&aged=0&language=EN&guiLanguage=en

ESO: Background information: Dexia threatened with downgrade http://www.europeansources.info/record/dexia-threatened-with-downgrade/

De Standaard, 7.10.11: Dexia collapse unites Flemish and Walloons (via PressEurop) http://www.presseurop.eu//en/content/news-brief-cover/1032521-dexia-collapse-unites-flemish-and-walloons

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