Europe, Stressed, Awaits Bank Tests

ROME — Tests of the health of dozens of European banks will be released on Friday, a step that could mark a positive turn in the region’s economic crisis by reassuring that the financial system is healthy — or make it worse by showing the banks could not survive another downturn. The European Banking Authority, newly formed this year in an effort to boost oversight of European banks, in recent weeks has conducted “stress tests” on 91 European banks to see whether they could weather a combination of renewed recession, a drop in regional stock markets, and a collapse in the value of their holdings of European government bonds. Read full article >>

Topics:  rome    tests   the european banking authority   read   european   

 

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