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The continuing recapitalization of Greek banks is also expected to figure prominently in the negotiations.
That was especially true in Europe, where recapitalization of banks proceeded slowly.
The agreement is in the form of a recapitalization of Continental.
It is a recapitalization of the Spanish banking system by one of the European stability funds.
Active Value said before the deal with WPP that it would prefer a recapitalization of Cordiant to a takeover.
Those countries, along with France, successfully lobbied for direct recapitalization of banks to be mentioned in the agreement.
A "haircut" of 50 percent, followed by a recapitalization of banks if necessary, is the outcome most commonly mentioned.
Padoan has more recently created an imaginative public-private partnership to finance a desperately needed recapitalization of Italy's banks.
It is far from clear that other countries will accept the need for wholesale recapitalization of the banks.
Mr. Zoellick emphasized that the cash being offered was not a recapitalization of microcredit banks after heavy losses.
This is a continental problem demanding a continental solution — rigorous new stress tests followed by recapitalization of weak institutions.
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