Thierry Roge/Reuters
Dexia's headquarters in Brussels. The recent rescue of Dexia, also bailed out in 2008, may fully repay its trading partners.
By GRETCHEN MORGENSON and LOUISE STORY
Published: October 22, 2011
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American banks. Multimedia
Related
European Finance Ministers Shaping Greek Rescue and Effort to Aid Banks (October 23, 2011)
Europeans Seek Bold Debt Deal, Despite Differences (October 22, 2011)
Debt Plan Is Delayed in Europe(October 21, 2011)
DealBook: Qatar Bank Seeks Turkish Unit of Struggling Dexia(October 19, 2011)
While American financial institutions have sought to limit any damage by reducing their loans and thus lowering their direct exposure to Europe’s problems, the recent rescue of the Belgian-French bank Dexia shows that there are indirect exposures that are less known and understood — and potentially worrisome.
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American banks.
Multimedia
Related
European Finance Ministers Shaping Greek Rescue and Effort to Aid Banks (October 23, 2011)
Europeans Seek Bold Debt Deal, Despite Differences (October 22, 2011)
Debt Plan Is Delayed in Europe(October 21, 2011)
DealBook: Qatar Bank Seeks Turkish Unit of Struggling Dexia(October 19, 2011)
While American financial institutions have sought to limit any damage by reducing their loans and thus lowering their direct exposure to Europe’s problems, the recent rescue of the Belgian-French bank Dexia shows that there are indirect exposures that are less known and understood — and potentially worrisome.
