I wonder of "Merkozy" have been using this because by sliding the haircuts and capital ratios, one can look at kinds of scenarios. The graphic below is predicated upon 50% haircut for Greece alone, and zero for the other in need.
As can be seen in he top right, the banks need 231,000 million Euros in fresh capital to stay solvent, which is more than double the E106,000 million announced today.
Click on the graphic and have some fun writing down Portugal, Spain and Ireland.
