France is finally open for the demand of the Government to renegotiate the Dexia deal Di Rupo. With the intention of our country to pay a larger share of the Bill.
Persistence: Paris seems finally to comment briefly on the question of Belgium to the Dexia deal renegotiation. Finance Minister Steven Vanackere (CD & V) sends a long time on a more balanced distribution of the State guarantees.
At the bailout for Dexia were for 90 billion euros in October last year State guarantees granted. It would take France Belgium 60.5 percent, 36.5 percent and Luxembourg 3 percent-an allocation based on the composition of the shareholding in 2008. At the insistence of the Parliamentary Commission the Government-advocated Dexia Di Rupo soon for a review of that allocation. That the small Belgium had to bear most of the burden, was seen as unreasonable, especially as the source of all evil in the French Dexia-leg sat.
Paris, however, remained deaf to that question, even when the socialist François Hollande, a ' friend ' of Elio Di Rupo (PS), became president in May. In response to the tough attitude of the Belgian Government moved the Paris final settlement of the guarantee on the long track. That threatens to break its acid. Because now Dexia 5 to 7 billion euro fresh capital needs, like the French suddenly the Dexia deal does have a renegotiation. To their advantage, obviously.
They want to come back to the appointment of 2008 that each country accounts for half of the capital increase. Paris wants the same distribution key as for the State guarantee. And since Luxembourg Belgium would not participate, 62 to 63 percent of the money. On a capital increase of EUR 7 billion is almost EUR 1 billion extra. The requirement to renegotiate the deal, so if a boomerang in the face of the Belgian Government back.
Paris plays hard. The French Government, which in recent weeks has already a lot to provide Government guarantees for the problem bank Crédit Immobilier de France and the car manufacturer Peugeot, wants to keep its financial effort for Dexia as limited as possible. Understandable. But the invoice by scrolling to Belgium, that's not neat. That under no circumstances should the Government-Di Rupo swallow.
What can Belgium do to repel the French pressure? If Dexia Belgium pays for lack of capital falls, the largest piece of the account because it is responsible for the lion's share of the State guarantees. The Belgian Government has maneuvered itself in an unfavorable negotiating position. She has but one means to the French demand to wimpelen: blocking a solution for Dexma, the vehicle for the financing of the local administrations in France. That means they may not pressure from hands of a Dexia global arrangement is acceptable for the entire file.
The idea that with Paris a cheaper key for State guarantees can be negotiated, must be stowed. It will be a very successful if our country not more Dexia burdens in the neck gets pushed.France is finally open for the demand of the Government to renegotiate the Dexia deal Di Rupo. With the intention of our country to pay a larger share of the Bill.
Hollande finally wants to re negotiate the Dexia deal
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