Belgium's government announces it will buy the Belgian banking business of Dexia for €4B and...

|By:, SA News Editor

Belgium's government announces it will buy the Belgian banking business of Dexia for €4B and provide 60% of the guarantees for the rest (approx. €90B) of the parent group's assets, with France and Luxembourg apparently guaranteeing the remainder. S&P futures +1%, euro +0.5% at $1.3349.