"The Dexia restructuring decision"* On 26 February 2010, the Commission took a final, conditional decision [1] approving the State aid package to, and the restructuring of, Dexia SA (‘Dexia‘), which benefited from a large State aid package. This conditional decision follows an in-depth investigation opened in March 2009 [2]. In this article we briefly describe the situation of the bank (I), the measures involved (II), the procedural context (III) and the assessment of the restructuring measures (IV), before drawing some concise conclusions (V). I. Dexia and the need for State aid Dexia is a European financial services group created by a merger, in 1996, between the Crédit Communal de Belgique and the Crédit Local de France, both of which specialised in lending to local authorities.
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The EU Commission conditionally approves State aid package and restructuring of European financial services group (Dexia)
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