To meat the demands of Basel II, the European banks have their work cut out for them.
The European banks will have to collect 78 billion dollars, or 53 billion Euro, within the next six months. From this record amount, approximately fifty percent will be used to repay government support while the other half will be used to reinforce their own core. Compared to the large amount that the French, the Irish and the Germans will have to gather, it seems that our country remains fairly spared from this heavy assignment.
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Carl Van Acker
2 opmerkingen:
meat????
Basel 2?
euroS
'their own core': whose core?
fairly --> more or less
To meet the demands of Basel II (a set of safety measures designed by the bank of international settlements)the European banks have their work cut out for them.
The European banks will have to collect 78 billion dollars, or 53 billion Euros, within the next six months. From this record amount, approximately fifty percent will be used to repay government support while the other half will be used to reinforce the indebted banks themselves. Compared to the large amount of money that the French, the Irish and the Germans will have to gather, it seems that our country remains more or less spared from this heavy assignment.
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