Report Says Dexia Will Be Nationalized, But There's Just One Problem

That troubled Belgian-Franco bank Dexia that everyone’s freaking out about?

There are reports that it’s being nationalized by Belgium, and the stock is down about 10%.

There’s just one problem.

This chart, via Reuters, showing how massive the Dexia balance sheet is compared to the GDP of Belgium.

As Lorcan Roche Kelly put it, this is more like a reverse takeover than anything else.

dexia

Photo: Reuters

REFRESHER: Here’s everything you need to know about the troubled bank Dexia that everyone’s freaking out about >

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