Enlarge font Decrease font Text size Print Print

Belgian finance minister Steven Vanackere resigns

5th March 2013, Comments0 comments


Belgian Finance Minister Steven Vanackere on Tuesday announced he was resigning from the government after being cited in a scandal concerning Belfius bank, Belga news agency said.

Vanackere denied any wrongdoing in an affair regarding the bank and a social organisation linked to his Flemish Christian-democrat CDV party, the agency added.

Vanackere, 49, was given the finance portfolio in December 2011 when Socialist Prime Minister Elio Di Rupo formed a coalition government after an almost two-year political vacuum during which Belgium remained in the hands of a caretaker government.

He served as foreign minister in that government for two years.

His name came up in the press over the January buyback by Belfius -- formerly Dexia Banque Belgique -- of 110 million euros worth of shares owned by two social organisations linked to his party, against a loan at preferential terms of 6.25 percent interest, plus a discreet 1.5 percent bonus.

The press said the deal was negotiated through a Belfius administrator who occasionally worked out of the minister's office.


© 2013 AFP

0 comments on this article Add a comment

 

© Copyright 2000-2014 Expatica Communications BV