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.