" ... Intal, a Belgian campaign group, hasdocumented how Dexia has kept on financing the theft of Palestinian land. In November last year, for example, the bank went guarantor along with the Israeli defense ministry for a project in the settlement of Kedumim. The previous year Dexia agreed to provide another settlement, Ariel, with a loan of 2.5 million shekels ($700,000). Many of the empty pledges have been made directly by Jean-Luc Dehaene, the former Belgian prime minister, who served as Dexia’s chairperson from 2008 until 2012. Responding to a barrage of questions by shareholders at the bank’s annual meetings, Dehaene has claimed that its subsidiary Dexia Israel was not part of the parent bank’s “core business.” A new book Dexia: Une Banque Toxique (Dexia: A Toxic Bank) traces how Dexia’s one-time chief executive Pierre Richard set an objective in 1997 of becoming the world leader for financing local authorities within five years. Dexia Israel was formed as part of that game-plan in 2001 ... "
Posted on: Mon, 05 Aug 2013 22:09:40 +0000
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