EBA finds €114.7 billion capital shortfall in Europe

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The European Banking Authority (EBA) on Thursday said there was a €114.7 billion ($153 billion) aggregated shortfall in capital levels discovered after completion of the capital exercise, which was conducted in co-operation with the competent national authorities.

Unsurprisingly Greece topped the table of capital gap figures with a result of €30 billion. But worryingly, the figure for European economic powerhouse Germany was higher than previously thought, coming in at €13.1 billion, three times

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