Dexia, an unknown name in France, yet a banking catastrophe even more significant than Crédit Lyonnais. This Franco-Belgian bank, the world's leading bank for local government financing, is a systemic bank. In other words, if it were to collapse, the entire economy of France and Belgium would be paralyzed.
In 2008, the subprime crisis endangered international finance; Dexia collapsed. The Belgian and French states came to its rescue with massive amounts of public money.
But the story doesn't end there; it's only just beginning…
Documentary: Dexia, nobody’s fault (2016)
Directed by: Alain de Halleux
Production: Point du Jour
#documentary #freedocumentary #fulldocumentary #experts #itw #politics #business #science #tech #technology #Dexia #BankingCrisis #FinancialCollapse #SubprimeCrisis #EconomicImpact #FrancoBelgianBank #PublicRescue #FinancialHistory #BankingCatastrophe #2008FinancialCrisis #SystemicBank #EconomicParalysis #Finance #HistoryOfBanking
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