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Dexia gets new financing lifeline 
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Dexia rescue hides black hole for Europe’s banks? 
Dexia – first of many? French bank Societe Generale is to sell 4.8 billion euros worth of new shares.
The cash raised will be used to repay bailout money the bank received from the Paris government as well as to increase the size of its business through acquisitions. SocGen’s rival BNP Paribas last week said it would raise 4.3 billion euros worth of new share capital to repay French state aid.More about: Banking, Financial Crisis, France, Societe GeneraleCopyright © 2012 euronews
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