• Pressure is building for the EU to produce a comprehensive bank capitalization plan running up to the G-20 meeting. From Bloomberg News.
• The ratings cut beat goes on as Moody’s reduces UK banks RBS, Lloyds, and others. From Reuters News.
• The political realities in Europe make it difficult for the EU to roll out some form of “Euro-Tarp”. That doesn’t mean they shouldn’t do it. From the Financial Times.
• The Swiss have defended their currency ceiling on the cheap with rallies in the US Dollar and the Euro last month. Time will tell if they’ll have to dig deep to keep the currency down, as officials seek bailout and capitalization solutions in the Euro zone. From the Wall Street Journal.