The bank recapitalization news putting a charge in markets over the past minutes is from a...

|By:, SA News Editor

The bank recapitalization news putting a charge in markets over the past minutes is from a European Commission report suggesting the eurozone set up a "banking union," and allow the ESM (the rescue fund) to directly inject capital into lenders. Such a setup would allow, for instance, much of the issue regarding Spain and its banks to go away. Expect German/ECB denials soon.