It's a lot of money but what's more of a concern is how often numbers like this have been too low and too optimistic. Reuters:
Europe needs between 100 billion and 200 billion euros to recapitalize its banks to win back investor confidence and should put in place a comprehensive plan across the continent, the International Monetary Fund's European Department Director Antonio Borges said on Wednesday.
We are talking about figures of between 100 and 200 billion euros, which in our view is very, very small compared to the size of the European capital markets and compared to the resources of the new, enhanced EFSF," Borges told Reuters during a visit to Brussels, referring to Europe's bailout fund.
"There has been a lot of talk about French banks, but ... the problem is very widespread," he said.
