Word: luxembourg
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Tuesday, France, Belgium and Luxembourg said they'd pump $9.2 billion into troubled bank Dexia after news of its U.S.-linked losses sent its share price falling 30%. That followed Sunday's announcement that Fortis, the Dutch-Belgian insurance and banking giant, had been partially nationalized through a $16.4 billion injection from the three Benelux governments, each of which will acquire a 49% stake in operations in their respective countries. In Britain, meanwhile, the government announced this week it had taken control of problem mortgages from Bradford & Bingley, Britain's second biggest mortgage lender. Despite those moves amid the spreading...
...late Sunday at the latest, it was obvious that Fortis had committed a catastrophic folly. Less than a year after the blockbuster deal, the Belgian, Dutch and Luxembourg governments agreed to inject $16 billion into an ailing Fortis, laid low by ongoing uncertainty in global credit markets. In return for the lifeline, each of the three Benelux governments took a 49% share in Fortis' banking units in their own countries. The part-nationalization of Belgium's biggest lender, which, with a worldwide staff of 85,000, is Europe's largest to be bailed out so far since the credit crisis...
...delegations] like my home state of New Jersey were staying in a hotel pretty far away from the downtown." But this small issue wasn't enough to diminish the importance of the convention for Zafran. "On Wednesday night, I was sitting next to the Ambassadors from Iraq, Oman, and Luxembourg to the United States," Zafran said. "It was a pretty incredible reminder of how much this election means to the world." —Staff writer Prateek Kumar can be reached at kumar@fas.harvard.edu...
...share the same sense of idealism that many in Brussels insist motivates their work. News of the Irish no hit Brussels "like a bomb," says French stagiaire Renaud Savignat, standing amid the throng of young professionals drinking beers outside the cafés lining the Place du Luxembourg...
...just for Serbia. When the wars of the Yugoslav succession began in June 1991, Luxembourg Foreign Minister Jacques Poos, with an eye to resolving them, famously declared: "This is the hour of Europe." It wasn't, of course. The brutal force of the combatants, especially those led by Karadzic and Mladic, made a mockery of feckless attempts by Europeans to broker peace. The circumstances of Karadzic's arrest, however tragically late, demonstrate far better the kind of benevolent power the E.U. can exert. Even if formal enlargement of the Union appears blocked for now, Karadzic's detention shows that...