EU Says No Concrete Bank Recapitalization Plan Right Now
This article is for subscribers only.
The European Union doesn’t have a new plan to recapitalize banks, the European Commission said.
EU Economic and Monetary Commissioner Olli Rehn “doesn’t speak of a concrete plan in hand,” his spokesman, Amadeu Altafaj, told reporters in Brussels today. “He speaks of an initiative, of discussions in progress and he pleads for a European approach.”