IMF: EU Banks Could Shrink by as Much as $2.6T
April 18, 2012 at 18:16 PM EDT
Jose Vinals, director of the IMF’s monetary and capital markets department, spoke with Bloomberg Television’s Margaret Brennan today and said that the European Stability Mechanism (ESM) should be able to put capital into banks without going through national governments to “de-link the sovereign and banking risk at the national level.” Vinals also warned against getting [...]