Watch the pretty colored lights, pay no mind to what's going on in the board rooms behind them.
Google "Dexia"
The only person making much sense in the Eurozone crisis seems to be Angela Merkel. France and Belgium are hoping to resolve Dexia's problems by reassuring depositors that Dexia will be nationalized. This in a country that has no leader other than a "caretaker"??
Posted by: M.E. at October 12, 2011 02:06 AMHi M.E, sorry, been busy working on the site.
You're on top of it. Belgium doesn't even have a government, and they're nationalizing? Lotsa luck with that.
I hope to find the time to write about the connection between the city of Bell and Dexia. Yes, there's a direct connection, can you believe it? Who would have thought?
Ya never know what you'll find when you start digging in your own back yard.
Meanwhile, over 5,000 towns in France have the same problem as Bell (not to mention Greece). They're in debt to Dexia, and could default because they can't pay the rising interest rates. Dexia is the largest municipal bond holder in the world. So this touches just about everyone, everywhere.
Posted by: Diana at October 17, 2011 02:48 PM