Post-Dexia Lender to French Towns Seeks to Move Past Toxic Days

Post-Dexia Lender to French Towns Seeks to Move Past Toxic Days

J.Quetin/AP Photo

To help narrow the gap from Dexia’s winding down, CDC has pledged billions of euros of financing for local government projects while French towns last year tripled bond issuance. Dexia’s loans at their peak represented 40 percent of the country’s municipal funding.