EU plans new push on bank reforms

Article reports that the FT has learnt that new European Union laws to drive banks to strengthen capital cushions will be unveiled in October 2009, as EU Member States intensify a regulatory assault aimed at preventing a repeat of the global financial crisis.

Article also discusses the reluctance of the banking sector to restart lending. This is seen as an especial problem in Germany. Politicians of all parties are united in their determination to force German banks to make credit available. Financial institutes remain reluctant to lend despite having received billions in finanical aid.

Deutsche Welle, 5.7.09: German politicians step up pressure on banks to start lending http://www.dw-world.de/dw/article/0,,4456241,00.html

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