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UK's Darling Denies Reports of New State Capital Injections into Banks |
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European Economy |
Written by CEP News |
Jan 05 09 05:45 GMT |
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(CEP News) Frankfurt - While stressing that lending levels to households and firms remain at unsatisfactory levels, UK Chancellor of the Exchequer Alistair Darling denied reports that further capital injections from the state into UK banks are being sought after.
"Recapitalization is not the first port of call, but over the next few weeks, we will continue to discuss what measures are needed," Darling said in an interview with BBC radio on Sunday. "Lending is not taking place at a level I would like to see." Written by CEP News European Staff in Frankfurt, edited by Nancy Girgis,
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