Bloomberg News

Reynders Urges ECB to Work With Rescue Fund to Support Banks

October 21, 2011

Oct. 21 (Bloomberg) -- Belgian Finance Minister Didier Reynders urged the European Central Bank to work with the euro- area rescue fund to support banks in the region.

“There are certainly a number of European banks that will need to be recapitalized,” Reynders told reporters today in Brussels. “And if we’re heading toward a stronger participation of the private sector in some national programs, a further effort will probably be needed. This is where we would like that the European Central Bank could work in partnership with” the bailout fund.

To contact the reporter on this story: Stephanie Bodoni in Brussels at sbodoni@bloomberg.net

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


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