10/07/2008
Robeco Bank Belgium to be sold ?
"Iceland, Republic of (Press Release) October 20, 2007 -- Reykjavik, Iceland--October 21st 2007--Kaupthing Bank Luxembourg S.A., a subsidiary of Kaupthing Bank hf., has signed an agreement by which Kaupthing Bank Luxembourg S.A. purchases Robeco Bank Belgium"
According to the prime minister of Iceland all foreign assets need to be sold by the banks of his country because otherwise they could become the first country to be insolvent due to the present financial crisis.
Luckily Belgium is in the Eurozone.
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