Bloomberg News

IMF’s Borges Says Situation With Dexia Is a ‘Special Case’

October 05, 2011

Oct. 5 (Bloomberg) -- Antonio Borges, the International Monetary Fund’s European department head, said Dexia SA, which plans to pool its troubled assets into a so-called bad bank, is a “special case.”

“First of all, it’s not a surprise,” Borges said today at a press conference in Brussels. “It’s one of the most vulnerable banks, and it’s going to have its own solution as the French and Belgian governments have now already indicated.”

To contact the reporter on this story: Rebecca Christie in Brussels at

To contact the editor responsible for this story: Jones Hayden at

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