Eurozone banks to raise 100bn euros
EU finance ministers meeting in Brussels have agreed that eurozone banks should raise more than 100bn euros ($140bn; £87bn) in new capital to deal with the debt crisis.
The plan will be put forward to a summit of EU government heads for ratification.
Most of the capital - a protection against possible losses on loans to highly-indebted countries - is expected to be raised by banks from Greece, Portugal, Italy, Spain, Germany and France.
Gavin Hewitt reports.
22 Oct 2011
- From the section Business