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

Google X Labs conducting research on human body

Technology giant Google Inc.'s secret laboratory "Google X" is carrying out an interesting research on the human body to better understand diseases and determine what a healthy human looks like in terms of cells and molecules.

The project, called the Baseline Study, is currently in a pilot phase. Researchers at the laboratory have plans...

Most Popular

Peak of Delta Aquarids meteor shower to be witnessed on July 30

The Delta Aquarids meteor shower happens every year from...

SpaceX working on cost-reduction attempts for Falcon 9 rocket

SpaceX, in an attempt to reduce launch costs, has come...

Not Enough Water on Three Giant Planets to Support Life

After conducting measurements of the atmospheres of...

New Discovery: Almost All Dinosaur Species had Feathers

Researchers have been baffled for long whether or not...

Poll

Can Greece Come out of Economic Problems: