Egide Thein comments on financial policies, financial services, offshore centers, bank secrecy, money laundering, terrorist financing, AML / CTF compliance, money transfers, tax evasion, fraud, corruption and on past and current events in Luxembourg and around the world.
Saturday, June 2, 2012
EU To Extend Probe On State Aid Given To Dexia
Dexia, the crisis plagued Franco-Belgian-Luxembourg bank on life support has the number of "doctors" around it scratching their heads. Comes along the regulator, who thinks that the treatment might be illegal:
http://online.wsj.com/article/BT-CO-20120531-716485.html
It certainly reeks of therapeutic relentlessness. By the way, many of the good fine weather doctors have left the Board when things got too ugly. They had a good ride though.
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