European Banks Need More Bailouts, Says OECD

15 Dec 2010

The Organisation for Economic Co-Operation and Development says European banks will need additional bailouts once current programs to boost them unwind.

The Organisation for Economic Co-Operation and Development says European banks will need additional bailouts once current programs to boost them unwind. The OECD is calling on countries to create “a full set of effective, credible and harmonized resolution tools.”
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