Bank Bailouts Could Take Some Time, Says German Finance Minister
- OurStudio
- Dec 3, 2012
- 1 min read
BRUSSELS – German finance minister Wolfgang Schaeuble Monday (3 December) reiterated that no bank recapitalisation could take place until the EU's planned banking union is up and running.
The move deals a blow to ailing banks hoping for swift capital injections from the European Stability Mechanism.
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