Deadline set for EU countries’ failing banks plan
By Patrick Jenkins in London

Published: March 17 2011 22:49 | Last updated: March 17 2011 22:49
European governments must put in place emergency bank recapitalisation mechanisms within the next three months, according to the chairman of the new pan-European banking regulator.
Andrea Enria, chairman of the European Banking Authority, has told European finance ministers that he is determined that each country should be in a position to correct capital.

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