Metatarso
Forumer storico


http://www.gayinvestorclub.it/
All Europe banks systemically important-Bini Smaghi
Sun Oct 12, 2008 9:20am EDT
WASHINGTON, Oct 12 (Reuters) - In Europe all banks are considered to be systemically important and therefore will not be allowed to fail, European Central Bank Executive Board Member Lorenzo Bini Smaghi said on Sunday.
He was referring to the phrase used by euro zone finance ministers and the Group of Seven financial leaders that no systemically important financial institution would be allowed to fail. Asked at a business breakfast which banks were systemically important and which were not, Bini Smaghi said:
"Systemically important banks in Europe means all banks."
http://www.reuters.com/article/bondsNews/idUSWAT01032220081012