Banks 'dangerous'

Europe needs to recapitalise, restructure or shut down its banks as part of a clean-up of the industry, International Monetary Fund managing director Christine Lagarde (pictured) says. She warned that the threat from the world's biggest lenders was "more dangerous than ever".

Europe needs to recapitalise, restructure or shut down its banks as part of a clean-up of the industry, International Monetary Fund managing director Christine Lagarde (pictured) says. She warned that the threat from the world's biggest lenders was "more dangerous than ever".

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