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

Detroit zoo to set 100 Partula nodosa snails free in the wild

In a bid to help the tiny Partula nodosa snails flourish in the wild, the Detroit zoo is preparing to set one hundred snails into their native South Pacific Habitat. It is one of the numerous species that was extracted from their natural habitat in order to control another invasive species. In 1989, the zoo received 115 snails from five related...

Most Popular

EMC attempting to acquire Virtustream

In a bid to broaden its scope of cloud management tools...

Biologists perplexed at existence of 11 disparate species of Panther chameleons

An extensive study into the reasons for color variation...

Scientists convert embryonic stem cells into inner-ear hair cells

A new research published in the journal Development...

Researchers discover a gene that can make human brain sensitive to pain

Reporting a momentous new discovery, an international...

Poll

Can Greece Come out of Economic Problems: