Germany and France are near a deal to recapitalize European banks. On Sunday, France and Belgium agreed to nationalize Dexia, Belgium’s largest bank, with billions of taxpayer money after the bank became the first causality of the Greek debt crisis.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!