E.U. Test Results under Spotlight

E.U. Test Results under Spotlight

Economists and analysts can be seen having their confidence back on track, triggered by numerous assurances made by Government leaders in the recent weeks.

It has been reported that their confidence in the countries that they will be able to pass these stress tests seem to be the key driver, The New York Times' Jack Ewing, Matthew Saltmarsh and Raphael Minder posted.

"It is a bit concerning that authorities around Europe are all sounding quite confident about the ability of their banks to sail through the tests", said Marie Diron, an economist in London, who advises the consulting firm Ernst & Young. "All banks passing the tests would mean the tests were useless", he added.

The information regarding the stress tests on the EU banks is cited to mark its release by Friday, as so far they have witnessed a severe paucity regarding information on the basic judging criteria that will be used to decide banks' financial stability and toughness.

However, that has triggered concerns that the tests are likely to gloss over any issues.

Moreover, there exists an uncertainty regarding the kind of measures that will be introduced to stand the paralyzed banks declared in the stress tests.

A total of 91 European banks are reportedly included in the tests.


FrenchTribune Specials

Report: DirecTV Now will become AT&T’s dominant video service by 2020

According to a Bloomberg report, DirecTV Now-branded streaming video service which bigwig US wireless carrier AT&T plans to launch later this year will apparently become the foremost video service to be offered by the company in the next 3-5 years.

The Bloomberg report -- based on the information shared by unidentified sources...

Most Popular

Alcohol may contribute to stroke for some people

A new study suggests alcohol may not suit everyone’s...

Google: Gmail and Inbox will soon get a “responsive” makeover

Tech biggie Google has announced that it will roll out...

Ciaran Martin: UK is moving towards more active defence in cyberspace

During the course of a speech at the Billington Cyber...

Massachusetts Institute of Technology

According to The Christian Science Monitor, researchers...

Poll

Can Greece Come out of Economic Problems: