Dexia
In October 2008 he became chairman of Dexia Bank, a Belgian-French bank. With the bank in problems due to the financial crisis, he was asked to lead the company through the difficult period. Because he has an extensive political background it was thought that he could cope with the negative perception of the financial institution Dexia due to the financial crisis. His political connections helped Dexia's bad bank to secure funding guarantees of up to €90 billion provided primarily by the Belgian government.
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