ASSESSMENTS
Belgium in Trouble After Dexia Bailout
Oct 10, 2011 | 19:50 GMT
BRUNO FAHY/AFP/Getty Images
Summary
Belgium's acting prime minister announced Oct. 10 the formal dissolution plan for Franco-Belgian bank Dexia. The move will help with the present crisis, but it pushes Belgium, which already had a national debt of 100 percent of gross domestic product before the Dexia bailout, closer to needing its own bailout.
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