THE second recapitalization of Bank Internasional Indonesia (BII) cannot be avoided. It has been already been predicted that BII will not be able to meet Bank Indonesia's minimum 8 percent Adequacy Ratio (CAR) requirement before the end of this year. Without a new injection of capital, BII—the bank formerly dominated by the family of business magnate Eka Tjipta Widjaya—will have to be closed down.

It appears that the option to liquidat