| Author (Person) | Carnegy, Hugh |
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| Series Title | Financial Times |
| Series Details | 3.9.12 |
| Publication Date | 03/09/2012 |
| Content Type | News |
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The French government was forced on the 1 September 2012 to rescue Crédit Immobilier de France, a distressed domestic mortgage lender, the latest example of a European state stepping in to prop up a bank brought to its knees by the financial crisis. France said it would seek approval from the European Commission for its bailout of CIF, which follows the €90bn joint rescue with the Belgian and Luxembourg governments of the collapsed lender Dexia, which was still under negotiation with the European Commission. |
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| Countries / Regions | France |
