Deal agreed for Euro bank Fortis

deal to partially nationalise European banking and insurance giant Fortis has been agreed.

The move comes after talks between the European Central Bank and the Netherlands, Belgium and Luxembourg.
Ministers from the three countries agreed to pour almost £9bn into the bank to save it from possible collapse.
Belgian Prime Minister Yves Leterme said the bail-out showed Fortis would not be allowed to fail, after its share price plunged in recent days.
Under the deal, Fortis will have to sell its stake in Dutch bank ABN Amro which it partially took over last year. The Dutch government has not named any potential buyers.
Share fall
Mr Leterme said: "We have taken up our responsibility, we did not abandon the savers."
The deal will see Belgium contribute 4.7bn euros (£3.7bn), the Netherlands 4bn euros (£3.2bn) and Luxembourg 2.5bn euros (£2bn).
Insolvency fears have seen the company's shares fall to their lowest level in more than a decade. The shares have lost more than three-quarters of their value in the past year.
Fortis, which has its joint headquarters in the Belgian capital Brussels and in Utrecht in the Netherlands, denied any solvency problems were imminent.
Last month, Fortis announced its profits for the first six months had fallen by 41% to 1.6bn euros (£1.2bn) against a year ago.