Wanted: creative solutions for Europe's banks
Europe’s leaders can restore confidence in the banking sector by offering to backstop the worst of feared losses. Across the board injections of equity capital would be the wrong way to do that. More creative solutions are needed.
There is no easy way out of the unpleasant quagmire in which Europes banks find themselves. Debt and equity investors are wary of putting their cash into institutions where the unknowns are so many.
And no wonder, as the list is frightening. No one knows what Greek losses
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