The European Commission has approved increasing Dexia’s temporary refinancing guarantee by € 10 billion, bringing the total amount to € 55 billion. The guarantee is granted by Belgium, France, and Luxembourg. It is approved until September 30, 2012.
The increase follows the Commission’s May 31 decision to extend its assessment of Dexia’s resolution plan.
Full content: EC Press Release
Related content: Competition Policy, Bailouts, and the Economic Crisis
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