European banks need around €108 billion in new capital in order to attain the 9% ratio to assets set by the European Council on 26 October. For Greek banks this ratio will be a little higher, at 10%.

With the exemption of these banks, all the other European lenders seem able to get the capital that they need, either from asset sales or new profits - in no case has their management made any reference to shareholders' obligations to recapitalise.

This was exemplified by ...


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