Monumental losses for Dexia in 2011: 11,6 billion euros the total for the entire year, to be attributed to two major factors: the Greek debt crisis (which cost the Franco-Belgian bank 4,6 billion euros) and the dismantling that began last October.
The bank's balance sheet amounts to the still colossal figure of 413 billion euros (of which 110 in the process of being sold), down compared to 651 billion in 2008, and must be financed, which is why the group has asked for loans of 88 billion from the central banks of France, Belgium and Luxembourg, as well as seeking funds on the market but with guarantees from France and Belgium.
This means that the monstrous losses will fall on the taxpayers of the two countries. Therefore, Dexia runs the risk of passing from a controlled bankruptcy situation to a brutal bankruptcy.
