Bank of England’s Posen says govt role needed to clean up euro zone banks

The Bank of England is seen against a blue sky in the City of LondonTOKYO (Reuters) – Bank of England policymaker Adam Posen said on Monday that the euro zone crisis calls for governments’ active role to recapitalise and clean up the region’s banking system, saying monetary policy alone won’t solve structural problems. “The biggest thing you need is forcefully injecting enough capital into the banking system,” Posen said at a Tokyo conference on global financial regulation hosted by the Columbia Business School. “The source of current problems is not Greece… …



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One Response to “Bank of England’s Posen says govt role needed to clean up euro zone banks”

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