Bloomberg News

Borges Says EU Officials Working on Bank-Recapitalization Plan

October 05, 2011

Oct. 5 (Bloomberg) -- Antonio Borges, the International Monetary Fund’s European department head, said European Union authorities are working together on a plan to recapitalize the banking sector.

Borges spoke at a press conference in Brussels today.

To contact the reporter on this story: Rebecca Christie in Brussels at rchristie4@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


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