Press Release: State aid: Commission temporarily approves increase of refinancing guarantee for Dexia SA and DCL and extends investigation

The European Commission has approved a €10 billion increase of the ceiling of a temporary guarantee granted by Belgium, France and Luxembourg to cover the refinancing needs of Dexia SA and DCL. The ceiling is thus raised to a maximal amount of € 55 billion. The Commission has temporarily approved the measure until 30 September 2012 in order to preserve financial stability and will take a final decision on its compatibility with EU state aid rules when it has finalised its assessment of Dexia's resolution plan.