Financial Times (October 5)
2011/ 10/ 07 by jd in Global News
In a better-late-than-never move, the EU is moving to ensure banks are adequately capitalized. The EU still needs to get to the heart of the matter, “given that the biggest systemic risk to the region’s banks is contagion from sovereign debt.” Eurozone policymaking continues to deny “how serious the problems are until there is no alternative…. By then the cost of action is greater than it might have been with a more timely response.”
Tags: Banks, EU, Risk, Slow response, Sovereign debt
