European Banks Are Undercapitalized, Alpert Says

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Dec. 21 (Bloomberg) -- Daniel Alpert, managing partner at Westwood Capital LLC, talks about the European Central Bank's loans to euro-area banks. The ECB awarded 489 billion euros ($645 billion) in 1,134-day loans today, the most ever in a single operation. Alpert speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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