European Bank Recapitalization: Nothing Concrete (Concrete is Expensive, Talk is Cheap)

As the talks intensify about more European rescue plans (last week is was a multitrillion Euro leveraged plan) , I received this gem today from BNN's Marty Cej:

"Also helping is confirmation from EU and IMF officials that European finance ministers are discussing ways to recapitalize the banking sector. Unfortunately, these officials added that there are no “concrete” plans yet in place. And that’s probably because concrete is expensive and talk is cheap.

Credit Agricole, Dexia, BNP Paribas and the National Bank of Greece are leading the gains in Europe on optimism that perhaps when all the words and handshakes are ground-up in a big mixer with some water and some euros, the mixture will set into something firm. We want to know today what recapitalization actually means, who is most likely to be supported and who will pay. We also want to know what a recapitalization plan means in the absence of a solution for the underlying sovereign debt crisis".