France eyes mayor-friendly way out of Dexia turmoil

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France is in talks to restructure Franco-Belgian bank Dexia by putting back under state bank control the arm that lends to local governments.

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A break-up of Dexia may not be what the Franco-Belgian bank's chief executive, Pierre Mariani, dreamed of when he took the reins three years ago, but it is one solution being pursued by his former boss: French President Nicolas Sarkozy.