Will Europe Have To Bailout More Banks?

European Bank Bailout

As Europe struggles with the survival of the Euro, the latest big bank bailout is the Dexia Group. France, Belgium and Luxembourg agreed to a rescue plan for Dexia. But is this the start of a more serious problem?

The Dexia Group is a large European bank with 35,000 employees and core shareholders' equity of EUR 19.2 billion as at December 31, 2010. It is active in public finance, providing retail and commercial banking services to individuals and insurance.

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Agreement Is Reached to Nationalize Belgian Bank - New York Times

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