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Eu Rules Out Fresh Capitalisation For Europe's Banks

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The officials poured cold water on calls from Christine Lagarde, head of the International Monetary Fund for "mandatory" recapitalisation to avoid another financial crisis but acknowledged that the EU economy was continuing to weaken.

Jean-Claude Trichet, president of the European Central Bank, said there was no shortage of liquidity in the European banking system. EU economic commissioner Olli Rehn insisted that the health of EU banks had improved over the last year.

Mr Trichet declared: "There is no liquidity or collateral shortage for the European banking system."

Excellent denials about the European banking system needing more money. Therefore the European banking system is in desperate need of recapitalisation or another bailout.

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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