Bloomberg News

Stark Says Bank Recapitalization ‘Decisive’ to Break Crisis

October 26, 2011

(Updates with comments in second paragraph.)

Oct. 26 (Bloomberg) -- European Central Bank Executive Board member Juergen Stark said he’s hopeful that European leaders will reach a decision on bank recapitalization at a summit in Brussels tonight.

“Hopfeully this evening there will be a decision on recapitalization of banks that need to be recapitalized,” Stark said at an event in Dortmund, Germany, today. “That is the decisive point to break the vicious circle."

--Editor: Matthew Brockett

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net


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