Belgium’s contribution to boost the International Monetary Fund’s crisis-fighting coffers may come to 9.5 billion euros ($12.3 billion), said Luc Coene, head of the Belgian central bank.
Belgium’s budget deficit will overshoot targets set by the European Union as the economy slows, putting pressure on the new government to maintain a tight grip on spending to insulate the country from the euro debt crisis.
Dexia SA, Belgium’s biggest bank by assets, is “not in trouble,” and has not sought dollars from the European Central Bank in a “long time,” Luc Coene, the country’s central bank governor said.
Following is a transcript of European Central Bank President Mario Draghi’s comments from his monthly news conference in Brussels today.
"Divorce is never smooth."
- Luc Coene on May 15, 2012