Two nationalised French financial firms, Caisse des Depots et Consignations and La Banque Postale, are taking over Dexia's economically important business providing financing to municipal government.
BBC: Dexia: The burden on Belgian and French taxpayers
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The next two safest banks according to Global Finance are Caisse des Depots et Consignations - created by French King Louis XVIII in 1816 to manage the pension funds of state employees - and Bank Nederlandse Gemeenten, 50% owned by the state and 50% by the provinces.