Central Bankers To Be Guardians Of Foreign Banks’ Exposure To Romania

10.28.2011 ZF English

Nine of the ten foreign banks that control local top ten lenders need billions of euros to recapitalize. Out of the ten-hour talks conducted by the leaders of the euro zone on Wednesday night, Romania got a complicated phrase to take as a guarantee that foreign banks will not repatriate funds, pressured by the need to consolidate their own crisis-eroded capitals.

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Keywords:
BANKS
, VIENNA AGREEMENT
, EXPOSURE
, CAPITALIZATION
, GREECE
, EURO ZONE