TNBiz (TNBiz)
Markets  |  May 31, 2012 13:20:26

Banks in the euro area can not recapitalize the fund ESM, says European Commission


BRUSSELS (MEDIAFAX) - Banks in the euro area is not under the European Commission (EC) can be directly recapitalize the permanent euro rescue fund, called the European Stability Mechanism (ESM), in its current form. Informed the agency on Thursday said.

Comments of the European Commission to come after recently some euro area countries, especially Spain, calling for the possibility of direct aid from the fund pot ESM.

"The current ESM tools if it enters into force as planned, is not the right of the recapitalization of banks through direct injections into financial institutions," he said on Thursday the European Commission spokesman Amadeu Altafaj.

Tomáš Králíček, kralicek@mediafax.cz

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Banky v eurozóně není možné rekapitalizovat z fondu ESM, tvrdí Evropská komise

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