Arab Today, arab today eu working on 150 billion bank recapitalisation
Last Updated : GMT 21:02:08
Arab Today, arab today
Arab Today, arab today

EU working on $150 billion bank recapitalisation

Arab Today, arab today

Arab Today, arab today EU working on $150 billion bank recapitalisation

Brussels - AFP

European Union governments are working on a $150-billion deal to recapitalise its banks, a diplomat told AFP after 10 hours of talks between finance ministers ended in Brussels. The source said "107-108 billion euros" was required to bring banks' core cash reserves up to a required nine percent.  

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