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ECB To Ease Stress Test For Franco-Belgian Dexia

By DMO Affiliate
ECB officials agreed on Thursday that Franco-Belgian bank Dexia would not have to prove it could withstand a financial crisis in a Europe-wide stress test, sources say, reducing the chances of it needing further state aid. Belgium and France have already pumped nearly $16.4 billion into Brussels-based Dexia since the financial crisis, taking control of it in the process, and are keen not to put in more to a loss-making institution that is being wound down.
ECB To Ease Stress Test For Franco-Belgian Dexia

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