economy - Failing bank reform no option - Wen

Prime minister Wen Jiabao expressed his doubts about the ongoing banking reforms yesterday during the annual press conference at the end of the sessions of the National People's Congress (NPC) in Beijing. But failure was no option, Wen added, writes Reuters.
Wen recapitalized two banks by giving them US $ 45 billion from the state coffers at the end of last year.
But taking responsibility for slashing bad loans and hiring competent employees could prove a problem for Bank of China and China Construction Bank, he said.
"To tell you the truth, regarding these two issues, I'm actually not that confident," Wen told reporters at the close of the annual parliament session.
Frankness is a rare talent among politicians.