Investors Are Still Concerned Over Europe Banks’ Holdings Of Sovereign Debts
Only seven out of 91 European Union banks that had subjected to stress tests failed with a combined capital shortfall of €3.5bn (US$4.5bn) when the tests result was unveiled in late July. Investors greeted the data as a much-needed dose of clarity since the uncertainty surrounding bank sovereign-debt holdings was fanning fears about the health of Europe’s banking system.
The World Economy ...-07/09/2010
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