Proposals In The Pipeline
Source: Agencies |
October 12, 2011, Wednesday
|
Print Edition
Print Edition
THE president of the European Union's executive arm says he will unveil proposals on how to make European banks fit enough to sustain the worsening debt crisis today.
Jose Manuel Barroso said yesterday in the Hague that the European Commission would unveil several initiatives that should contribute to a "comprehensive response" to the eurozone's debt troubles.
Barroso said a plan to recapitalize European banks would be part of those proposals.
Fears that Greece and other highly indebted countries may default on their debts have hit banks in recent months.
No other details were given.
Jose Manuel Barroso said yesterday in the Hague that the European Commission would unveil several initiatives that should contribute to a "comprehensive response" to the eurozone's debt troubles.
Barroso said a plan to recapitalize European banks would be part of those proposals.
Fears that Greece and other highly indebted countries may default on their debts have hit banks in recent months.
No other details were given.
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