...making the rounds across the world...the EU edition below. I am sure this will take care of all of the structural problems in the EU...
"The effectiveness of this exercise will depend on the availability of
necessary arrangements for recapitalizing banks ... including through
the provision of a public backstop," Mario Draghi said .
"These arrangements must be in place before we conclude our
assessment," he said.
But the ministers' talks face an additional hindrance because
Germany's finance minister, Wolfgang Schaeuble, is not expected to
attend the two-day Luxembourg meeting. Germany, Europe's biggest
economy, in talks to form a new government.