Monday, June 25, 2012

Spain to ask for up to €100 billion to recapitalise banks, The EU, ECB and IMF troika delayed its trip to Athens

Eurozone need more money, Compliance costs of €33bn loom for EU financial industry, Projected costs could balloon to €50bn once Basel III bank capital requirements and Solvency II insurance safety rules kick in, what a rules of Basel III

Latest update from Spain financials crisis, Spain to ask for aid as EU fights debt crisis, Madrid to ask for up to €100bn to recapitalise banks – and in return Eurozone partners will want a restructuring of Spain's domestic lenders

Meanwhile, from banking industry, Euro blueprint maps way to banking union, based on EU report on the single currency's future will call for states to surrender powers to run banks and give up some control over national budgets,

So what about Greek debt crisis, Greek lenders postpone mission to Athens, The EU, ECB and IMF troika delayed its trip – tightening the financial squeeze – because the new PM and finance minister were in hospital

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