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

Euro-Area Companies step up hiring as ECB embarks on 1.1 trillion-euro quantitat

Euro-area companies have increased hiring as manufacturing and services activity from Germany to Spain accelerated faster than the estimations of economists.

According to data from London-based Markit Economics, a gauge of employment in both industries rose in January to a level not exceeded since mid-2011.

A Purchasing Managers...

Most Popular

Arizona Baby born with No Eyeballs

An infant, Richie Lopez, was born about three months ago...

Dark matter may have caused mass extinctions, study

According to a new study, dark matter may have played a...

Fisherman banned from Great Barrier Reef marine park

A commercial fisherman, who has reportedly breached no...

Scientists Created Method of Data Storage that can Encode Data into Strands of D

The Swiss Federal Institute of Technology has made an...

Poll

Can Greece Come out of Economic Problems: