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Belgian Minister of Finance Reynders mocks parliament

  • Politics
  • Finance

Due to the banking crisis the Belgian government had to bail out 4 major financial institutions in 2008 and 2009 to prevent them from bankruptcy. Fortis, KBC, Dexia and Ethias initially received more than 20 billion of tax payers' money which they will have to reimburse eventually. But which role does the government play in the meantime now that it acquired seats as an important stakeholder in the governing boards of these banks?