Benelux countries prop up ailing Fortis bank

Dutch-Belgian bank and insurance giant Fortis NV has been given a €11.2bn lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg.

Benelux countries prop up ailing Fortis bank

Dutch-Belgian bank and insurance giant Fortis NV has been given a €11.2bn lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg.

Belgian Prime Minister Yves Leterme announced the deal after weekend talks between the three countries, EU and national banking officials.

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