Bloomberg News

EU Says EFSF Should Recapitalize Banks When Private Funds Dry Up

October 12, 2011

Oct. 12 (Bloomberg) -- The European Commission said the euro area’s temporary bailout fund should be used to help recapitalize banks when private and national sources of capital are unavailable. The commission made the proposal in a roadmap for stability and growth on its website today.

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net


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