Did capital or liquidity do more to repair the European banking system?

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Did capital or liquidity do more to repair the European banking system?

Mario Draghi Sep 3 2015
President of European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany, Thursday, Sept.3, 2015, following a meeting of the ECB governing council. (AP Photo/Michael Probst) | Michael Probst/AP/Press Association Images

Europe’s authorities might be winning the fight against broken banks but who gets the credit?

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