Arab Today, arab today action being taken to sort out weak banks eu tells imf
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Action being taken to sort out weak banks, EU tells IMF

Arab Today, arab today

Arab Today, arab today Action being taken to sort out weak banks, EU tells IMF

Brussels - Spa

Action is already being taken to prop up under-funded banks, the European Union\'s executive said Monday in response to criticism from the International Monetary Fund (IMF), according to dpa. On the weekend, IMF chief Christine Lagarde warned that European banks - which are exposed to the eurozone\'s sovereign debt crisis - needed \"urgent recapitalization.\" \"The process is ongoing, everything is ready for it to proceed correctly,\" Amadeu Altafaj, spokesman for EU economy commissioner Olli Rehn, told reporters in Brussels when questioned about the Lagarde comment. In July, eight out of 90 banks - one from Austria, five from Spain and two from Greece - were revealed as under-capitalized by European stress tests. Altafaj said they have \"six to nine months\" to raise funds on the markets; failing that, public funds would step in. The official also pointed out that overall, \"European banks are significantly better capitalized now than a year ago.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today action being taken to sort out weak banks eu tells imf Arab Today, arab today action being taken to sort out weak banks eu tells imf

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today action being taken to sort out weak banks eu tells imf Arab Today, arab today action being taken to sort out weak banks eu tells imf

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday