Bloomberg News

Dexia Aid Has No Effect on French Budget Deficit, Minister Says

October 12, 2011

Oct. 12 (Bloomberg) -- The rescue of French-Belgian bank Dexia won’t impact the French government’s budget deficit, Budget Minister and Government Spokeswoman Valerie Pecresse told reporters in Paris.

The government will have to submit a revision to its 2011 budget to encorporate the Dexia rescue, she said.

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