Financial Times FT.com

Bucharest rejects blanket approach for banks

By Thomas Escritt in Bucharest

Published: February 25 2009 01:53 | Last updated: February 25 2009 01:53

The governor of Romania’s central bank has said a blanket recapitalisation of troubled banking groups is not what his country needs.

Mugur Isarescu also warned of the risks of lumping together countries facing very different circumstances under the heading of emerging European risk.

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