Home euro-exit Mike Norman Economics Harald Benink and Harry Huizinga — The urgent need to recapitalise Europe’s banks

Harald Benink and Harry Huizinga — The urgent need to recapitalise Europe’s banks

Mike Norman Economics 2013-07-07

Europe has been postponing the recapitalisation of its banking sector. This column argues that it has been doing so for far too long. Without such a recapitalisation, the danger is that economic stagnation will continue for a long period, thereby putting Europe on a course towards Japanese-style inertia and the proliferation of zombie banks.
VOX.eu The urgent need to recapitalise Europe’s banks
Harald Benink, Professor of Banking and Finance and Fellow of the Centre for Economic Research (CentER), Tilburg University, and Harry Huizinga, Professor of International Economics in the Department of Economics, Tilburg University and CEPR Research Fellow