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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