"Saver will not lose out"

4th October 2011, Comments 0 comments

The Prime Minister, Yves Leterme, has said that if the Belgian-French bank Dexia puts its junk bonds in a separate so called"bad bank"the Belgian state is prepared to guarantee this operation. Dexia has been coming under increasing pressure in recent hours following speculation that the ratings'agency Moody's would lower the rating of several of its subsidiaries.

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