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Regions / Europe

Email News Service Jul 09: EU seeks agreement on counter-cyclical capital buffers

Simon Turmaine | July 6, 2009

BRUSSELS, July 7 (Global Risk Regulator) – European Union finance ministers today attempted to forge a plan to strengthen banks’ balance sheets to ward off future shocks amid calls from Germany for a temporary relaxation of capital requirements to support lending, Reuters news agency reports.

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