Dexia rescue hides black hole for Europe's banks?

Dexia Tower in Brussels has not come tumbling down, but it was a close run thing for the world's number one lender to local authorities. A marathon overnight meeting of the board led to its shares resuming trading on Monday after having been suspended last Thursday. The bank survives, but only after the nationalisation of its Belgian retail operation. ... http://www.euronews.net/