Wednesday, 5 October 2011

FT : EU Ministers Look at Bank Aid Plans

Published: Tuesday, 4 Oct 2011 | 4:49 PM ET

By: Peter Spiegel and Alex Barker in Luxembourg, Financial Times

European Union finance ministers are examining ways of co-ordinating recapitalizations of financial institutions after they agreed that additional measures were urgently needed to shore up the region’s banks.
Although the details of the plan are still under discussion, officials said EU ministers meeting in Luxembourg had concluded that they had not done enough to convince financial markets that Europe’s banks could withstand the current debt crisis.

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