(13a) BNP Paribas
Today I read in the Flemish newspaper "De Standaard" about an article published a few days ago by the news agency Bloomberg that BNP Paribas is in need of money because it has a shortish in money because of problems in Spain and Italy. So they want to use the money from Belgian and Swiss banks and their savers to pay for their debts in Spain and Italy. Bloomberg's article quote that "BNP’s Belgian consumer-banking network had deposits exceeding loans by 15.5 billion euros at the end of March" and thus the bank wants to use some of the money. BNP Paribas is a French bank and as most of the wealth in Belgium is in Flanders, the Flemish will become much poorer. And it is unbelievable that so few politicians, the financial control agency as well as the shareholders protest against these plans. Although I do not understand all of it, I do understand it is not a good plan. People saved many years for this money and thought it would be safe and useful when needed. N...