Monday, October 10, 2011

French Mayor of St Etienne seeks meeting over Dexia exposure!

The ongoing uncertainty of the fate of French deposits with Dexia (many belived to be held by local authorities) continues tonight with Le Figaro reporting that the socialist Mayor of St Etienne, Maurice Vincent, is seeking a meeting at Bercy (the Finance Ministry), about his authorities investments (€5 million out of total reserves of €24 million) undertaken by his predecessor from President Merkel and PM Fillon's UMP party. A report in french from Le Figaro, is linked here.

Update 1950 CET: Bloomberg reporting from here.

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