October 13, 2011
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Dexia Bank of Belgium Fails
Belgium's Largest Bank Is First Major Failure of European Debt Crisis
October 13, 2011
The major media ignored this one, and thus most Americans aren't currently aware that it even happened. Nevertheless, the first domino in the European debt crisis surrounding the PIIGS countries...Portugal, Italy, Ireland, Greece, and Spain...went belly up this week despite having passed the European Central Bank's stress tests with flying colors just a couple of months ago. Dexia Bank was also listed at #17 on the list of the World's Top 100 Most Sustainable Companies according to the self-described Global Knights of Global100.org and Forbes.