The European Banking Authority (EBA) has estimated that theSpanish
banks arenow missing
more than 26 billion euro in order to manage this difficult economic
situation.The same principle
held that theGerman banks
are missing today more than 13 billion Euros to cope with adverse
economic conditions "until June 2012."
and Italian banks,
are missing almost 15.5 billion euro to manage this difficult economic
situation.
European Central Bank
(ECB) announced that it will start making payments of "loans for
commercial banks in the coming 36 months," without specifying amounts,
only affirming that "the interest rate will be privileged."
The ECB, which proceeded to reduce the basic rate to 1%, made
it clear that "will increase the collateral guarantees" to disburse
such loans.In late
October, the European Banking Authority announced that “106
billion Euros are needed” by
banks in the Euro area as a whole to cope with the current
adverse economic situation. However,
ECB back then, avoided making detailed and specific its initial
assessment.