At the moment, there are quite a few plans in the works including plans to save the euro, plans to save euro countries and now the banks. That's a pretty heavy work load even in the best of times, not to mention a lot of money. CNBC and Financial Times:
Without citing sources, the paper said officials from the European Central Bank and European Commission are considering offering central guarantees over certain types of debt issued by banks.
The paper goes onto say that the move comes after a number of European banks where shut out of international money markets.
The report comes after the head of the International Monetary Fund warned on Saturday that "urgent recapitalization" was needed for Europe’s banking industry.
