The timeframe for the implementation of bank recapitalization plan is very short, European Central Bank Governing Council member Ewald Nowotny said in an interview with Austrian state radio ORF. It will not be easy when one looks at the capital markets, he said. They should proceed further very carefully, the policy maker added. Earlier in the day, the EU summit in Brussels approved a co-ordinated scheme to recapitalize banks across Europe. The ratio of highest quality capital at 9 percent will enable the banks to withstand shocks.