Bloomberg News

Creighton Says European Banks ‘Bending’ Under Solvency Doubts

October 20, 2011

Oct. 20 (Bloomberg) -- Ireland’s European Affairs Minister Lucinda Creighton said European banks are “bending under the weight of solvency doubts.”

“We want to see the EFSF utilised in the most flexible way possible to raise its capacity and ensure fairness including safeguarding the other programme countries and vulnerable economies within the Eurozone,” she said in an e-mailed speech today. “We wish to see a credible strategy for recapitalisation of European banks, which are bending under the weight of solvency doubts.”

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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