just now reporting the possible sale of its Turkish subsidiary to the Russians concludes its article
with the following two rather harrowing paragraphs:
The fates of several large parts of Dexia still need to be settled.
Dexia is finishing the sale of Dexia Municipal Agency, its Paris-based
public-finance business, to two savings banks controlled by the French
government, and it recently launched the sale of its Luxembourg-based
asset management business.
Once the process is completed, Dexia will be left as a holding
company for illiquid loans and sovereign debt from the troubled euro
zone periphery. Dexia's largest southern euro-zone exposures are €11.7
billion of Italian sovereign debt and €1.6 billion of Portuguese debt,
the company said recently.
Labels: Dexia, Jean-Luc Dehaene