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Europe Daily Bulletin No. 10441

31 August 2011
Contents Publication in full By article 10 / 18
GENERAL NEWS / (ae) eu/banking
Andrea Enria says EFSF should bail out banks

Brussels, 30/08/2011 (Agence Europe) - The controversy about the level of bank capitalisation emerged again with force on Tuesday 30 August following an article in FT Deutschland about a letter from the chair of the European Banking Authority (EBA), Andrea Enria, suggesting to European finance ministers that the EU bailout fund, the EFSF, should provide direct funding to struggling banks. The EBA recognises the need for certain banks to receive public funding, echoing recent comments by the...