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Europe Daily Bulletin No. 10471

12 October 2011
GENERAL NEWS / (ae) ep/ecb
Trichet says banks need injection of cash

Brussels, 11/10/2011 (Agence Europe) - Making his final appearance at the European Parliament's economic and monetary affairs committee on Tuesday 11 October 2011, the president of the European Systemic Risk Board (ESRB), Jean-Claude Trichet, said that European banks needed to be recapitalised, saying: “Supervisors must coordinate efforts to strengthen bank capital, including having recourse to backstop facilities, and also taking into account the need for a transparent and consistent...

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