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Belgian PM Yves resigns over Fortis row
" Belgian Prime Minister Yves Leterme offered the resignation of his government on Friday over alleged interference in judicial affairs, Belgian broadcaster VRT reported. It is not clear whether Belgian King Albert II will accept his resignation. In July he...
Belgian government falls on bank bailout
The crisis in financial markets took down speculators, is tanking the real economy and now looks to have claimed its first national government as a victim. " Belgium's government collapsed on Friday after a top... European, Asian markets slide on banking worries
Overnight, Asian markets dropped and the big European markets plummeting just minutes after opening. The drops were widely expected following a weekend where European leaders met to stem the growing, global...Second Belgian bank gets bail-out
A second Belgian bank has had to be rescued by a coalition of the Luxembourg, Belgium and Netherlands governments. The announcement that Dexia will be bailed out comes one day after the countries announced they...Dow to fall to 7,000, FTSE to 3,300 « Peter J. Cooper’s Weblog
" The $700 billion US bailout has not gone down particularly well today in Asia and Europe. But in Europe we have the nationalization of Fortis, a bailout for Hypo Bank and the nationalization of Bradford & Bingley. I just read that each UK tax payer is now holding...Benelux governments rescue Fortis; ING to buy ABN
" Benelux governments nationalized parts of banking and insurance group Fortis in a bid to prevent U.S.-style financial contagion engulfing one of Europe's top 20 banks. After emergency talks with European...American 'Meltdown' is the Reason for the Money Injection by Fortis
""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...
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