Georges Ugeux's double standards with respect to the Euro crisis

In a previous post, we discussed Georges Ugeux's contradictions regarding EU bank recapitalization. This is a follow up in which we briefly discuss his HuffPo article, The European Agreement Offers Other People's Money, which is nearly identical to a post in his french blog. In short, while he probably correctly points at some questionable aspects of the new EU plan addressing the sovereign debt crisis, it is wrapped in moral rhetoric that is flawed, but not new coming from him.

Georges Ugeux's views on EU bank recapitalisation

Georges Ugeux is a contributor to the Huffington Post but also actively writes in a finance blog which is influencial in the french speaking world. In a discussion pertaining to the resolution of the EU banking/sovereign debt crisis,  which he has some involvement with (1), he says that recapitalising banks would dilute shareholder value. We will look into this and conflicted positions he has taken on this topic.