September 29, 2008
Benelux Is Not a Country
Posted by Anna Gelpern

Fortis, the failed financial conglomerate jointly rescued on Sunday by the governments of Belgium, the Netherlands, and Luxembourg, has assets several times the size of the Belgian economy.  Each of the three governments took 49% of Fortis’s banking subs in their respective countries; the total price tag was just over $16 billion.  Gives one pause about the prospects of financial regulation at the national level.  At least we have a global lender of last resort, says Brad Setser.

Finance, Globalization/Trade | Bookmark

TrackBacks (0)

TrackBack URL for this entry:

Links to weblogs that reference Benelux Is Not a Country:

Comments (0)
Post a comment

If you have a TypeKey or TypePad account, please Sign In

Recent Comments
Popular Threads
Search The Glom
The Glom on Twitter
Archives by Topic
Archives by Date
February 2016
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29          
Miscellaneous Links