Merkel willing to recapitalise banks |
| Financial Times - Oct 5, 2011 |
Angela Merkel, the German chancellor, said Berlin was prepared to recapitalise its banking sector and was willing to discuss a European Union-wide plan to shore up the region’s teetering financial sector as soon as the next regional summit in two weeks.
Speaking in Brussels on Wednesday after a meeting with José Manuel Barroso, the European Commission president, Ms Merkel declined to support a specific plan to aid banks, saying that should be left to technical experts. But she urged leaders to co-ordinate their efforts.
“I think it is right if we have a joint approach to all of this,” Ms Merkel said. “Germany is prepared to move to recapitalisation. We need criteria. We’re under the pressure of time and I think we need to take a decision quickly.”
Asked if she supported the views of the International Monetary Fund supporting a forced, across-the-board recapitalisation of all European banks, Ms Merkel demurred, saying only that she hoped the US and Europe would work together.
Read Full Article from Financial Times
- Posted: 2011-10-05 10:58:48
| More Stock Investor Place Top Stories |
 |
|
|
|
| Stock Investor Place Top Stories Archive |
|
|
|
