AP – Oct. 11, 2011
BRUSSELS (AP) — The president of the EU's executive arm says he will unveil proposals on how to make European banks fit enough to sustain the worsening debt crisis on Wednesday.
Jose Manuel Barroso said Tuesday that the European Commission would unveil several initiatives that should contribute to a "comprehensive response" to the eurozone's debt troubles.
Barroso said a plan to recapitalize European banks would be part of those proposals.
Fears that Greece and other highly indebted countries may default (拖欠) on their debts have hit banks in recent months.
Barroso did not give details on the recapitalization plans.
He was speaking in The Hague following a meeting with Dutch prime minister Mark Rutte.