Tuesday, June 29, 2010

More PILLAGING

http://www.reuters.com/article/idUSTOE65R07N20100628
"EUROPE TOLD G8 MAY USE PUBLIC FUNDS FOR BANKS"
Reuters: "June 29 (Reuters) - Europe told the G8 summit it may consider spending public funds to inject capital into banks depending on the outcome of stress tests now under way in the region, Japan's Nikkei business daily reported on Tuesday.

"A representative from Europe mentioned the possibility of a capital injection at a luncheon of Group of Eight leaders on Friday last week, the paper said, citing an unnamed source.

The European Union is preparing to stress-test more than 100 of the biggest EU banks in July, representing some 50 percent of each member state's banking balance sheet."

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