IPFS News Link • Economy - International
BAD NEWS: Today's 3PM Rumor Is That Euro Bank Recap Could Be Way Too Small
• www.businessinsider.coThe FT is reporting that sources close to the EBA's new stress tests are talking €70-90 billion, rather than the €200-275 that analysts and IMF Managing Director Christine Lagarde have suggesed.
According to the report, €40-50 billion of that recapitalization will happen in Italy and Spain, with smaller sums to be spread out across banks in the periphery.