Belgium, France Should Stand Behind Banks, Reynders Tells RTBF

Belgium and France should stand behind their banks, notably Dexia SA (DEXB), and be ready to “intervene” should there be a problem, Belgian Finance Minister Didier Reynders said in an interview on RTBF radio.

The Belgian and French governments “are not discussing a split” of Dexia, Reynders said. “We are watching the situation of banks and are especially looking at the best way to help them,” Reynders said. This is the best way to protect savers and the economy, he said.

Reynders stressed that the priority is to solve the sovereign debt crisis, notably in Greece, to avoid the risk of contagion.

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.