18.5.11

Standard & Poor’s speak the truth on Europe’s stress tests

It’s always been politically impossible for the European Banking Authority to assume real (restructuring) losses in the exercise.
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Results of the impossible European Stress Tests Round II will be published next month.


http://ftalphaville.ft.com/blog/2011/05/18/572096/standard-poors-speak-the-truth-on-europes-stress-tests/

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