Bloomberg News

Spanish Banks Need to Be Re-Capitalized Quickly, Moscovici Says

July 08, 2012

Spanish banks need to be re- capitalized quickly, French Finance Minister Pierre Moscovici said.

“We have to move quickly on banking supervision and we have to move quickly on the direct recapitalization of Spanish banks,” Moscovici said today in Aix-en-Provence, France.

Moscovici also said that he expects the euro group of finance ministers to meet July 20 after meeting tomorrow.

To contact the reporter on this story: Francois de Beaupuy in Paris at

To contact the editor responsible for this story: Mark Deen at

The Good Business Issue
blog comments powered by Disqus