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French banks have repaid or will soon repay all the emergency funds they received from the state last year, while most German banks have yet to dispose of tens of billions of euros in toxic assets or undergo recapitalization and drastic restructuring.
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One of three things has to happen: Sirius gets a big boost in its subscriber base, it gets a big equity injection or it undergoes a recapitalization.
Commercial banks across Europe are undergoing stress tests and recapitalization to meet more demanding reserve requirements imposed after the global financial crisis.
"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.
They have been primed to expect a larger recapitalization.
The latest initiative is a bank recapitalization plan.
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CEO of Professional Science Editing for Scientists @ prosciediting.com