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"The bank recapitalization plan is just a precondition and an introduction for discussions on other key elements. The plan can't be seen in isolation and won't have a chance of success without the other key parts of the rescue package," Tusk told reporters.
Each member state of the eurozone accepted the idea of the bank recapitalization,louboutin, but "I'm cautious that all decisions could be adopted at today's eurozone summit, so we have to be patient," the prime minister said.
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In the meantime, the EU urged national supervisory authorities to ensure that banks' plans to strengthen capital do not lead to excessive deleveraging,moncler pas cher, including maintaining the credit flow to the real economy.
The prime minister gave no detailed figures for the total amount of fund needed for the bank's recapitalization, saying it was up to the European banking authorities to decide on.
Under the recapitalization plan,piumini moncler, banks should first use private sources of capital, including through restructuring and conversion of debt to equity instruments. If banks are unable to raise enough fund themselves,louboutin pas cher, national governments should provide support, according to a statement issued after the EU summit.
下载安装Flash播放器European leaders have reached agreement on bolstering the capital ratio of its banks to 9 percent, in order to provide additional capital buffer amid the ongoing eurozone sovereign debt crisis, said Polish Prime Minister Donald Tusk late Wednesday.
He also said that the recapitalization was a one-off move and that the banks would have to attain the capital ratio target by June 30 next year.
The ratio was decided on after taking into account the market worth of the banks' sovereign debt holdings,frankin marshall, said Tusk,abercrombie, whose country holds the European Union (EU) rotating presidency, at a press conference after the EU summit in Brussels.
At the ongoing summit,abercrombie and fitch, leaders of the eurozone member states were trying to narrow their differences on how to beef up the firepower of the EFSF, a 440-billion-euro bailout fund, and how much losses private holders of the Greek government bonds have to accept.
"When the national support is not available, recapitalization should be funded via a loan from the European Financial Stability Facility (EFSF),abercrombie france," said the statement.
Tusk said,doudoune moncler, however,louboutin pas cher, the success of the recapitalization plan depends on whether agreements can be achieved on other key elements of the rescue package.
相关的主题文章： The newspaper, the People's Daily, said that Beijing ceased free medical services for municipal civil servants and employees in public institutions on January 1, becoming the latest among 24 provincial-level regions to do so. The remaining seven regions, including the provinces of Shandong, Guangdong, Jiangxi, Jiangsu, are also planning to make the same reforms.
