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News Link • Economy - International

BAD NEWS: Today's 3PM Rumor Is That Euro Bank Recap Could Be Way Too Small

The scale of European bank recapitalizion is going to be far smaller than anyone was hoping for.

The 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.


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