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Monday, August 29, 2011

'Europe snubs IMF call to force-feed bank capital'

NO MORE TAXPAYER MONEY FOR BANKS...........from reuters..........

"The European Commission said there was no need to recapitalise the banks over and above what had been agreed after an annual "stress test" check of their ability to withstand economic and financial market headwinds.

"I don't think so. This discussion has already taken place between the EU and the IMF, and the IMF is well aware of the results and the follow-up decided after the stress-tests," Commission spokesman Amadeu Altafaj said"............READ MORE

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