Up to EUR 80 would be available for recapitalizations while a total of EUR 100 would be available from the state.
Elsewhere, the NY Times reports that the US government has given private assurances to MUFG that it will not allow Morgan Stanley to fail.
EUR/USD and the JPY crosses are consolidating gains after fear levels were ratcheted lower by all of the government machinations unveiled over the weekend. it will be a particularly interesting day as commodity and fixed income markets are closed in the US, so stocks and the dollar have only each other to look at for cues.
