two thoughts on recapitalizing European banks. first from GMO – European banks need a lot of money. second thought from me – according to GMO estimates – then even the most unpleasant scenarios lead to a completely manageable scale of recapitalization.
shorter, not so much the situation is bad from the point of view “фкндаментальных факторов”, how much to implement anything in one sitting is quite difficult. hence the permanent, but only slight pressure on equity market multiples.