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Buy European Banks Europe's latest bank recapitalization wave is the one to surf.
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The E.U. statement noted that the similar tests carried out in the United States had been carried out "ahead and in view of a wave of recapitalizations," while the European exercise came after members had "already undertaken measures in favor of banks and banks themselves had the opportunity to strengthen their capital positions".
How likely is a new wave of corporate recapitalization along the lines of the leveraged buyouts of the late 1980s?
"This is a recapitalization.
It is instead a recapitalization.
That initial recapitalization was necessary.
It also must complete a bank recapitalization.
But rapid recapitalization is likely to be required.
Failing that, "the government is responsible for recapitalization," he added.
Yet that is exactly what this recapitalization accomplishes.
They have been primed to expect a larger recapitalization.
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