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De Morgen - Belgium | Wednesday, October 31, 2012

Dexia a never-ending horror story

After being bailed out in a gigantic rescue action in 2011, the French-Belgian bank Dexia now stands in need of another five billion euros. Little has been learned from the Dexia debacle, the left-liberal daily De Morgen complains: "Four years after the shipwreck of the banking group not a single top manager has had to answer for their misdeeds. That cries out for revenge. Those who rummage in rubbish bins for something to eat must go to court. A banker who gambles away billions and hangs a financial noose around the neck of an entire country can calmly switch to another bank or take a seat on another executive board. ... We have failed to learn from the mistakes of the past, as the umpteenth episode of this never-ending saga clearly shows. ... The politicians were not the cause of the Dexia debacle. But the amateurish and frivolous way they are sweeping the debris aside is scandalous."

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