In today's column, I argue that for those European banks that are no longer strong enough to raise equity on the marketplace and stand alone that way, there are only three options available: (1) being taken over by another bank, often from a different country, (2) accepting capital from the private equity industry, or (3) being partly or completely nationalised.
Governments should prepare the ground for such outcomes, even as they will be controversial in some countries.
Download Tribune_081217_en to read the piece in English, and Download Tribune_081217 as originally published in French.
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