FRANKFURT (MarketWatch)
The European Commission has considered the
possibility of directly recapitalizing euro-zone banks via the region's
permanent bailout fund, but such a maneuver would require a treaty change, Olli
Rehn, commissioner for monetary and economic affairs, said Monday, according to
news reports
"We have been considering this as a serious possibility, of
breaking the link between the sovereigns and the banks," Rehn said at a briefing
in Brussels, according to Reuters
Such moves aren't allowed under the treaty,
"but we see that it is important to consider this alternative of direct bank
recapitalization as we are now moving on in the discussion on the possible ways
and means to create a banking union," Rehn said, according to the report
Welcome
José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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