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

Two Prairie Butterflies Gain Protection under Endangered Species Act

On Thursday, the United States Fish and Wildlife Service (FWS) announced that it has included two prairie butterflies in the list of endangered species under the Endangered Species Act.

Dakota skipper, small to medium-sized North American butterfly, and Poweshiek skipperling, North American butterfly in the family Hesperiidae, are the...

Most Popular

Brain-eating amoeba in water supply leads to indictment of two employees

Two workers at Saint John the Baptist Parish in New...

Europeans remained lactose intolerant well after adopting cheese-making: study

Ancient Europeans remained intolerant to lactose nearly...

Christiana Figuere surges for unity in climate talks

Christiana Figueres, the head of UN'S climate change...

Scottish mothers suffering depression lack help

According to a new report, pregnant and new mothers...

Poll

Can Greece Come out of Economic Problems: