Once upon a time in the world of banking, there were 20 banks that had a bit of a problem - a bad loan issue. And, cue the drum roll, the invincible hero of our story, the European Central Bank (ECB), swept in with a solution up its sleeve, raising their capital demands.
If the realm of finance was a high-stakes poker table, you would find the ECB quite the card shark. Wearing a steely gaze, it nonchalantly pushed the pile of poker chips to the center, dramatically upping the ante on the 20 banks at their table.
