French President Nicolas Sarkozy adviser Henri Guaino said the government isn’t planning to take stakes in banks, saying “it isn’t envisaged at the moment.” Speaking in an interview in Yerevan, Armenia, he said “maybe a recapitalization will be necessary” for banks.
When Muammar Qaddafi ’s regime turned its guns on protesters, European leaders declared that he’d lost his legitimacy to rule, imposed sanctions, and eventually sent warplanes to bomb him out of office.
European stocks dropped, paring their biggest monthly gain since July 2009, as some investors remain reluctant to buy equities before the euro area’s leaders explain how they will fund their expanded bailout facility.
The European Commission is pushing for a coordinated capital injection for banks to shield them from the fallout of a potential Greek default as Germany urges each country to prepare its own blueprint.
Dominique Strauss-Kahn and his wife, Anne Sinclair, filed criminal claims against French newspapers and magazines over their coverage of an investigation into a prostitution ring to which Strauss-Kahn was linked, Agence France-Presse reported.