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Italy, Spain, Germany Guarantees Sought for Dexia, Belga Reports

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Feb. 29 (Bloomberg) -- Belgium will ask Italy, Spain and Germany to take a share of the government guarantees on Dexia SA’s borrowings because the French-Belgian lender has units and public-finance loans in those countries, Belga news agency reported, citing Belgian Finance Minister Steven Vanackere.

Vanackere told lawmakers in a committee of the Belgian parliament in Brussels today that the circle of guarantors should be expanded, according to Belga. Italy, Spain and Germany also have an interest in the rescue of Dexia, the newswire said, citing Vanackere.

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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