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EUROPE - BANKING - FRANCE - BELGIUM - DEXIA - PUBLIC - DEBT

EUROPE - BANKING - FRANCE - BELGIUM - DEXIA - PUBLIC - DEBT
A man enters a Franco-Belgian bank Dexia's agency on October 5, 2011 in Tournai. French officials scrambled on October 5, 2011 to defend their plan to save struggling Franco-Belgian bank Dexia, insisting it is an isolated event that poses no threat to the state's own credit rating. Dexia, which specialises in lending to local authorities, is faced with restructuring, and a French government fund and a state-run bank are preparing to step in to guarantee deposits and take over management of much of its activity. T5he slogan reads : 'At Dexia, faithful savers are worth gold'.
AFP PHOTO PHILIPPE HUGUEN
PHILIPPE HUGUEN / AFP