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Mon 09 Sep 2008Future of Fortis uncertain as crisis talks held
FORTIS FACED a takeover or break-up last night as European Central Bank president Jean-Claude Trichet held emergency talks with Dutch and Belgian lawmakers to restore faith in the Belgian-Dutch financial group.
Mr Trichet, who as ECB head is responsible for safeguarding financial stability in the euro zone, joined Belgian prime minister Yves Leterme in Brussels in a bid to secure the future of Fortis, including a partial or full sale or some form of state intervention, a source familiar with the situation said.
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