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

Tomah VA hospital dentist resigned after exposing veterans to Hepatitis C, HIV

The dentist who allegedly exposed hundreds of veterans at a Wisconsin VA hospital to serious infections like Hepatitis C and HIV has resigned, hospital officials announced.

Tomah VA Medical Center’s acting medical director, Victoria Brahm, said in a statement that the hospital is undergoing a major overhaul after the dentist put veterans...

Most Popular

Ken Hu announces Huawei’s new ‘X Labs’ initiative

During the course of his opening speech at Huawei's...

Verizon is offering an incredible Black Friday deal on Google Pixel

Bigwig US wireless carrier Verizon has recently...

Best Buy is offering attractive Black Friday discount deals

With Black Friday just round the corner, bigwig retailer...

Researchers: Problematic Android update mechanism affects nearly 3M smartphones

Security researchers from BitSight Technologies' Anubis...

Poll

Can Greece Come out of Economic Problems: