ECB Said Working Direct Bank Recap Plan

27 Apr 2012

The European Central Bank is said to be working with a group of eurozone countries on a plan that would allow banks to recapitalize with the help of their respective nation’s bailout funds without first going through the government, but the European Union has already said it has no plans to change its current policy barring that.

The European Central Bank is said to be working with a group of eurozone countries on a plan that would allow banks to recapitalize with the help of their respective nation’s bailout funds without first going through the government, but the European Union has already said it has ...

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